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.
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.
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