In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Kinross Gold (TSX: K). Analyst Josh Wolfson from Desjardins reiterated a Sell rating, with a C$4 price target.
Wolfson has an average return of 12.9% when recommending Kinross Gold.
According to TipRanks.com, Wolfson is ranked #2510 out of 4849 analysts.
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Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$6.50.
Based on Kinross Gold’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$3.1 million. In comparison, last year the company had a net profit of C$44.51 million.
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 Friday at C$4.45, close to its 52-week low of C$4.42.
