UBS AG Reiterates Buy on Kinross Gold Corp (KGC)

By admin | 6 years ago

Kinross Gold Corp (NYSE: KGC)‘s stock had its “buy” rating reiterated by equities research analysts at UBS AG (NYSE: UBS) in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Kinross Gold Corp to $8.00 in a research note to investors on Thursday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kinross Gold Corp in a research note to investors on Monday. They now have a $8.75 price target on the stock. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Kinross Gold Corp in a research note to investors on Tuesday, April 3rd. They set a “buy” rating on the stock.

Shares of Kinross Gold Corp traded up 0.25% during mid-day trading on Thursday, hitting $7.91. Kinross Gold Corp has a 52 week low of $7.11 and a 52 week high of $18.25. The company’s market cap is $9.009 billion.

Kinross Gold Corp last announced its earnings results on Tuesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Kinross Gold Corp will post $0.25 earnings per share next quarter.

Kinross Gold Corporation (Kinross) is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.

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