GMP FirstEnergy Believes Kinross Gold (TSX: K) Won’t Stop Here

By Austin Angelo

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Kinross Gold (KResearch Report). GMP FirstEnergy’s analyst Stephen Harris reiterates their Buy rating on the shares, with a C$6.50 price target.

According to TipRanks.com, Harris is ranked #996 out of 5238 analysts.

Kinross Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$6.75, representing a 25.2% upside. In a report issued on June 28, National Bank also maintained a Buy rating on the stock with a C$7.25 price target.

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The company has a one-year high of C$5.40 and a one-year low of C$3.15. Currently, Kinross Gold has an average volume of 3.52M.

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 Wednesday at C$5.39, close to its 52-week high of C$5.40.