Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$5.85.
A number of analysts have recently commented on K shares. Canaccord Genuity upped their price target on Kinross Gold from C$7.75 to C$8.00 in a research note on Friday, October 20th. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Kinross Gold in a research note on Thursday, August 3rd.
In related news, insider Claude J.S. Schimper sold 18,000 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total transaction of C$94,860.00. Over the last ninety days, insiders sold 52,259 shares of company stock valued at $273,353.
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About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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