Kinross Gold (KGC) Received its Third Buy in a Row

After TD Securities and Raymond James gave Kinross Gold (NYSE: KGC) a Buy rating last month, the company received another Buy, this time from Canaccord Genuity. Analyst Carey MacRury maintained a Buy rating on Kinross Gold today and set a price target of C$17.00. The company’s shares closed last Tuesday at $8.98.

According to, MacRury is a top 100 analyst with an average return of 27.4% and a 77.4% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Golden Star Resources, and Osisko Gold Royalties.

Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of $11.43, implying a 27.9% upside from current levels. In a report issued on October 6, RBC Capital also maintained a Buy rating on the stock with a $12.00 price target.

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The company has a one-year high of $10.32 and a one-year low of $2.72. Currently, Kinross Gold has an average volume of 15.5M.

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.

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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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