Kinross Gold (NYSE:KGC) Rating Upped

Kinross Gold (NYSE:KGC) was upped by research analysts at BofA Merrill from “Neutral” rating to “Buy” rating in analysts report issued on 23 May.

The company’s rating upgrade is welcomed by equity traders, as NYSE:KGC is currently trading 0.59% higher at $4.24 as of 2:04 AM New York time. Kinross Gold’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has added 6.00% over the same time.

According to data compiled by Thomson Reuters, Kinross Gold (NYSE:KGC)’s stock is covered by 19 equity analysts across the Street, with 4 analysts giving it a Sell rating, 7 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $5.58, which reflects an upside potential of 31.60% over the current price.

Kinross Gold (NYSE:KGC) Profile

Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.

Kinross Gold (NYSE:KGC) traded up 0.59% on 23 May, hitting $4.24. A total of 4.45 million shares of the company’s stock traded hands. This is down from average of 13.72 million shares. Kinross Gold has a 52 week low of $2.88 and a 52 week high of $5.81. The company has a market cap of $5.28 billion and a P/E ratio of 0.

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