Kinross Gold (K) Lifted to “Outperform” at National Bank Financial

National Bank Financial upgraded shares of Kinross Gold (TSE:K) (NYSE:KGC) from a sector perform rating to an outperform rating in a research report report published on Monday morning. They currently have C$6.50 target price on the stock, down from their prior target price of C$7.00.

K has been the topic of several other reports. Royal Bank of Canada reiterated an outperform rating on shares of Kinross Gold in a report on Wednesday, May 9th. BMO Capital Markets downgraded shares of Kinross Gold from an outperform rating to a market perform rating in a report on Tuesday, April 10th. Finally, Canaccord Genuity cut their price target on shares of Kinross Gold from C$10.50 to C$10.00 in a report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of C$7.83.

Kinross Gold opened at C$4.93 on Monday, MarketBeat reports. Kinross Gold has a twelve month low of C$4.44 and a twelve month high of C$5.96.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Tuesday, May 8th. The company reported C$0.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.07. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%. The firm had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.03 billion.

In other news, insider Bobby Lee Musgrove sold 18,688 shares of the company’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of C$3.55, for a total value of C$66,342.40. Also, insider Gregory Van Etter sold 35,167 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of C$4.78, for a total transaction of C$168,098.26. Insiders sold a total of 241,353 shares of company stock worth $944,406 over the last 90 days.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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