Kinross Gold Corporation (KGC) Receives Price Target

Kinross Gold Corporation (KGC) : Currently there are 11 street experts covering Kinross Gold Corporation (KGC) stock. The most bullish and bearish price target for the stock is $8 and $3 respectively for the short term. The average price target of all the analysts comes to $5.6. The estimated standard deviation from the target is $1.45.

Kinross Gold Corporation (KGC) : 12 analysts are covering Kinross Gold Corporation (KGC) and their average rating on the stock is 2.42, which is read as a Buy. 3 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.


Also, Jefferies upgrades their rating on the shares of Kinross Gold Corporation (NYSE:KGC). The current rating of the shares is Hold. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on July 14, 2016.

Kinross Gold Corporation (NYSE:KGC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.98 and $3.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.18, notching a gain of 4.76% for the day. The total traded volume was 23,418,440 . The stock had closed at $3.99 on the previous day.

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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