Kinross Gold Corporation (KGC) Receives ‘Analyst’ Rating

Kinross Gold Corporation (KGC) : 13 analysts are covering Kinross Gold Corporation (KGC) and their average rating on the stock is 2.31, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kinross Gold Corporation (KGC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Kinross Gold Corporation (KGC) : The highest level Kinross Gold Corporation (KGC) is projected to reach is $8 for the short term and the lowest estimate is at $3. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $5.6 and the possibility the share price can swing is $1.45.


Also, Berenberg initiates coverage on Kinross Gold Corporation (NYSE:KGC).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on September 7, 2016.

Kinross Gold Corporation (NYSE:KGC): After opening at $4.06, the stock dipped to an intraday low of $3.97 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.23 and the buying power remained strong till the end. The stock closed at $4.13 for the day, a gain of 1.98% for the day session. The total traded volume was 19,402,270. The stocks close on the previous trading day was $4.05.

Kinross Gold Corporation is a senior gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Companys segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. Its gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. Its gold is produced in the form of dore, which is shipped to refineries for final processing. It also produces and sells silver.

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