Kinross Gold Receives a Hold from Jefferies

By Austin Angelo

In a report released today, Chris LaFemina from Jefferies reiterated a Hold rating on Kinross Gold (NYSE: KGC), with a price target of $4. The company’s shares closed yesterday at $4.21.

According to, LaFemina is ranked 0 out of 5 stars with an average return of -6.4% and a 41.3% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Randgold Resources Limited, and Anglogold Ashanti Ltd.

Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of $4.58.

Based on Kinross Gold’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $796 million and quarterly net profit of $135 million. In comparison, last year the company earned revenue of $783 million and had a GAAP net loss of $13.9 million.

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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 operates through its operating mines, also known as its segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. Kinross Gold was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.