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Kinross Gold (K) Receives a Hold from Credit Suisse


According to The Fly, in a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Kinross Gold (K). Analyst Anita Soni from Credit Suisse remains neutral on the stock.

According to TipRanks.com, Soni ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.7% and a 32.4% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Turquoise Hill, Lundin Mining, and Kinross Gold.

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The word on The Street in general, suggests a Hold analyst consensus rating for Kinross Gold with a C$5.13 average price target, which is a 45.7% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock.

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The company has a one-year high of C$5.90 and a one-year low of C$3.29. Currently, Kinross Gold has an average volume of 3.37M.

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 Thursday at C$3.52, close to its 52-week low of C$3.29.