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How Will Kinross Gold (NYSE:KGC) Stock React To Citigroup’s Upgrade to “Neutral” from “Sell”?

Citigroup Analyst Rating Change Kinross Gold NYSE:KGC

Kinross Gold (NYSE:KGC) Change of Rating

Kinross Gold (NYSE:KGC) was upgraded by professional analysts at Citigroup from “Sell” rating to “Neutral” rating in a research note shared with investors on Friday morning.

Despite the company’s rating upgrade NYSE:KGC is right now trading -1.10% lower at $4.51 as of 2:04 AM New York time. Kinross Gold’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 6.00% in 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 23.73% over the current price.

KGC Stock Chart

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 down -1.10% on 1 September, hitting $4.51. A total of 5.66 million shares of the company’s stock traded hands. This is down from average of 11.65 million shares. Kinross Gold has a 52 week low of $2.88 and a 52 week high of $4.66. The company has a market cap of $5.62 billion and a P/E ratio of 107.43.

Get the latest Kinross Gold (NYSE:KGC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post How Will Kinross Gold (NYSE:KGC) Stock React To Citigroup’s Upgrade to “Neutral” from “Sell”? appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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How Will Kinross Gold (NYSE:KGC) Stock React To Citigroup’s Upgrade to “Neutral” from “Sell”?


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