Kinross Gold (NYSE:KGC – Get Rating) (TSE:K) was downgraded by research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday, The Fly reports.
Other equities analysts have also issued reports about the company. StockNews.com began coverage on Kinross Gold in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. TD Securities reduced their price target on Kinross Gold from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, November 11th. Canaccord Genuity Group reduced their price target on Kinross Gold from C$8.00 to C$7.25 and set a “buy” rating on the stock in a research report on Wednesday, November 16th. Finally, National Bank Financial reduced their price target on Kinross Gold from C$9.25 to C$8.25 in a research report on Monday, November 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kinross Gold currently has an average rating of “Moderate Buy” and a consensus target price of $6.89.
Kinross Gold Price Performance
NYSE KGC opened at $4.18 on Wednesday. Kinross Gold has a 1-year low of $3.00 and a 1-year high of $6.34. The company has a quick ratio of 1.28, a current ratio of 2.98 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $3.76.
Hedge Funds Weigh In On Kinross Gold
About Kinross Gold
Kinross Gold Corp. engages in the production, acquisition, exploration, and development of gold properties. Its mining operations are in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. The firm operates through the following business segments: Fort Knox, Round Mountain, Bald Mountain, Kupol, Paracatu, Tasiast, Chirano, and Corporate & Other.
- Get a free copy of the StockNews.com research report on Kinross Gold (KGC)
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