Kinross Gold Co. (K) Downgraded by ValuEngine

Kinross Gold Co. (TSE:K) (NYSE:KGC) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, May 11th.

K has been the topic of several other reports. TD Securities restated a “buy” rating and issued a C$4.50 price objective on shares of Kinross Gold in a report on Thursday, February 9th. Royal Bank of Canada boosted their price objective on shares of Kinross Gold to C$6.50 and gave the company an “outperform” rating in a report on Tuesday, May 9th. Scotiabank reaffirmed a “sector perform” rating and issued a C$4.00 target price on shares of Kinross Gold in a research report on Friday, May 5th. Canaccord Genuity lifted their target price on Kinross Gold from C$6.75 to C$7.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Finally, CIBC raised Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 target price for the company in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$6.03.

Analyst Recommendations for Kinross Gold (TSE:K)

Shares of Kinross Gold (K) opened at 5.41 on Thursday. The stock’s market cap is $6.75 billion. Kinross Gold has a 52-week low of $3.87 and a 52-week high of $7.56. The stock’s 50 day moving average is $5.55 and its 200 day moving average is $4.90.

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In other Kinross Gold news, insider Claude J.S. Schimper sold 14,500 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$5.69, for a total value of C$82,505.00. Also, Director John A. Brough sold 13,796 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of C$4.98, for a total value of C$68,704.08. Insiders have sold 35,634 shares of company stock valued at $184,021 in 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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