Canaccord Genuity Keeps a Buy Rating on Kinross Gold (K)


Kinross Gold (TSX: K), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Carey MacRury from Canaccord Genuity rated Kinross Gold (TSX: K) a Buy, setting a C$7.50 price target.

According to TipRanks.com, MacRury is ranked #3747 out of 4849 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kinross Gold with a C$6.33 average price target, a 45.5% upside from current levels. In a report issued on July 24, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$7.50 price target.

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Kinross Gold’s market cap is currently C$5.56B and has a P/E ratio of 10.8. The company has a Price to Book ratio of 0.90.

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’s shares closed on Tuesday at C$4.35.

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