GMP FirstEnergy Sticks to Their Buy Rating for Kinross Gold

By Jason Carr

Kinross Gold (TSX: K), the Materials sector company, was revisited by a Wall Street analyst yesterday. GMP FirstEnergy’s analyst Steven Butler reiterates their Buy rating on the shares, with a C$7.20 price target.

According to TipRanks.com, Butler is ranked 0 out of 5 stars with an average return of -7.2% and a 28.3% success rate. Butler covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Hecla Mining Company, and Eldorado Gold Corp.

Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$7.10.

Kinross Gold’s market cap is currently C$7.33B and has a P/E ratio of 87.3.

Kinross Gold Corp. is an exploration company. The company 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. Its principal products are gold and silver produced in the form of dore.

The company’s shares closed on Friday at C$5.88.