According to The Fly, in a report issued on October 18, Carey MacRury from Canaccord Genuity reiterated a Buy rating on Kinross Gold (NYSE: KGC). The company’s shares closed on Friday at $2.93, close to its 52-week low of $2.67.
According to TipRanks.com, MacRury ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.7% and a 24.5% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Torex Gold Resources Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Kinross Gold with a $3.70 average price target.
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Based on Kinross Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $775 million and net profit of $2.4 million. In comparison, last year the company earned revenue of $828 million and had a net profit of $60.1 million.
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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.
