Macquarie Increases Kinross Gold Co. (K) Price Target to C$7.00

Kinross Gold Co. (TSE:K) (NYSE:KGC) had its target price increased by equities researchers at Macquarie from C$6.00 to C$7.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective suggests a potential upside of 27.97% from the company’s current price.

A number of other equities research analysts have also commented on K. National Bank Financial restated a “sector perform market weight” rating on shares of Kinross Gold in a research report on Thursday, August 3rd. Canaccord Genuity raised their price objective on Kinross Gold from C$7.00 to C$7.75 in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Kinross Gold currently has a consensus rating of “Buy” and an average price target of C$5.99.

Shares of Kinross Gold (TSE K) opened at C$5.47 on Monday. Kinross Gold has a 1 year low of C$3.87 and a 1 year high of C$6.29.

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In other news, insider Claude J.S. Schimper sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of C$5.27, for a total transaction of C$94,860.00. Insiders have sold a total of 47,551 shares of company stock valued at $253,815 over the last ninety days.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.

Analyst Recommendations for Kinross Gold (TSE:K)

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