Royal Bank of Canada Trimmeds Kinross Gold Co. (K) Target Price to C$5.75

Royal Bank of Canada Trimmeds Kinross Gold Co. (K) Target Price to C$5.75

Kinross Gold Co. (TSE:K) (NYSE:KGC) had its price objective reduced by Royal Bank of Canada to C$5.75 in a report published on Thursday, StockTargetPrices.com reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Scotiabank reiterated a sector perform rating and issued a C$4.00 price objective on shares of Kinross Gold in a report on Thursday, February 16th. BMO Capital Markets downgraded Kinross Gold from an outperform rating to a market perform rating in a report on Monday, December 19th. Goldman Sachs Group Inc dropped their price objective on Kinross Gold from C$5.40 to C$5.20 in a report on Thursday, January 5th. TD Securities reiterated a buy rating and issued a C$4.50 price objective on shares of Kinross Gold in a report on Thursday, February 9th. Finally, Canaccord Genuity upped their price objective on Kinross Gold from C$6.75 to C$7.00 and gave the company a buy rating in a report on Thursday, February 16th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of C$5.46.

Shares of Kinross Gold (TSE:K) opened at 4.65 on Thursday. The firm’s market capitalization is $5.79 billion. Kinross Gold has a one year low of $3.81 and a one year high of $7.56. The stock’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.85.

In other Kinross Gold news, insider Michel Sylvestre sold 8,779 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of C$4.99, for a total value of C$43,807.21. Also, insider Gregory Van Etter sold 33,018 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of C$3.85, for a total value of C$127,119.30. Insiders sold 46,367 shares of company stock valued at $187,821 over the last 90 days.

Kinross Gold Company Profile

Kinross Gold Corporation is a 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 Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

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