In a latest note to investors, a research analyst has provided a rating update for the Kinross Gold (K). Analyst Carey MacRury from Canaccord Genuity remains bullish on the stock and has a C$7.25 price target.
According to TipRanks.com, MacRury is a top 100 analyst with an average return of 18.0% and a 80.0% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Barrick Gold Corporation.
Currently, the analyst consensus on Kinross Gold is a Moderate Buy with an average price target of C$7, representing a 24.3% upside. In a report issued on July 16, Barclays also maintained a Buy rating on the stock.
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The company has a one-year high of C$5.66 and a one-year low of C$3.15. Currently, Kinross Gold has an average volume of 3.53M.
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$5.63, close to its 52-week high of C$5.66.
