Barclays analyst Matt Murphy maintained a Hold rating on Kinross Gold (KGC) on October 19 and set a price target of $9.00. The company’s shares closed last Tuesday at $8.98.
According to TipRanks.com, Murphy is a 4-star analyst with an average return of 10.0% and a 66.3% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Freeport-McMoRan.
Kinross Gold has an analyst consensus of Strong Buy, with a price target consensus of $11.58.
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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 $1.01 billion and net profit of $196 million. In comparison, last year the company earned revenue of $838 million and had a net profit of $71.5 million.
Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KGC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 operates through the following business segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. The company was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.
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