Raymond James Keeps a Buy Rating on Kinross Gold (K)


According to The Fly, a Wall Street analyst has provided a review for the Materials company on November 30, but retained the same rating on the stock. Analyst Farooq Hamed remains bullish on Kinross Gold (K).

According to TipRanks.com, Hamed is ranked 0 out of 5 stars with an average return of -21.6% and a 30.0% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, Nevsun Resources Ltd, and Hudbay Minerals Inc.

Currently, the analyst consensus on Kinross Gold is a Moderate Buy with an average price target of C$5.42.

Based on Kinross Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$136 million. In comparison, last year the company had a net profit of C$75.33 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 Monday at C$3.76.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts