Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) was upgraded by equities researchers at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.
Other research analysts have also recently issued reports about the company. Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Stifel Nicolaus boosted their target price on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets increased their target price on Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. National Bank Financial reduced their price target on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target on the stock in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$52.42.
Check Out Our Latest Report on Kinross Gold
Kinross Gold Price Performance
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. The company had revenue of C$3.35 billion for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. Equities research analysts expect that Kinross Gold will post 1.0071259 EPS for the current year.
Insider Activity at Kinross Gold
In related news, insider Afjal Hashim sold 16,980 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the transaction, the insider directly owned 28,306 shares in the company, valued at C$1,052,983.20. This trade represents a 37.50% decrease in their position. Also, insider Claude J.S. Schimper sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$41.96, for a total value of C$419,600.00. Following the transaction, the insider owned 64,060 shares in the company, valued at approximately C$2,687,957.60. The trade was a 13.50% decrease in their ownership of the stock. 0.26% of the stock is owned by company insiders.
Kinross Gold Company Profile
Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.
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