In a report released yesterday, Anita Soni from Credit Suisse maintained a Hold rating on Kinross Gold (NYSE: KGC), with a price target of $4. The company’s shares closed yesterday at $2.74, close to its 52-week low of $2.72.
Soni has an average return of 100.9% when recommending Kinross Gold.
According to TipRanks.com, Soni is ranked #4662 out of 4871 analysts.
Kinross Gold has an analyst consensus of Hold, with a price target consensus of $4.25.
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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 had a net profit of $33.1 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.
