Scotiabank analyst Tanya Jakusconek maintained a Buy rating on Kinross Gold (KGC – Research Report) today and set a price target of $7.00. The company’s shares closed yesterday at $4.99.
According to TipRanks, Jakusconek is an analyst with an average return of -11.1% and a 27.91% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Eldorado Gold, and Barrick Gold.
The word on The Street in general, suggests a Hold analyst consensus rating for Kinross Gold with a $6.06 average price target.
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The company has a one-year high of $6.34 and a one-year low of $3.34. Currently, Kinross Gold has an average volume of 12.6M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KGC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kinross Gold (KGC) Company Description:
Kinross Gold Corp. is an exploration company. It engages in the production, acquisition, exploration and development of gold bearing properties in Canada, United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania. The products are gold and silver produced in the form of dore. The company operates through the following business segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. The company was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.
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