Kinross Gold (NYSE:KGC) Upgrade

New York-listed Kinross Gold (NYSE:KGC), was upgraded by expert analysts at Citigroup. The firm upgraded its rating on the $5.58 billion market cap company to “Neutral” from a previous “Sell”.

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 24.28% 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 down -1.54% on 4 September, hitting $4.49. A total of shares of the company’s stock traded hands. This is down from average of 11.73 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 $5.58 billion and a P/E ratio of 106.96.

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