As of August 26, 2016, Kinross Gold (KGC) was trading at $4.3 per share. About 32% of Wall Street analysts covering the stock have “buy” recommendations for Kinross. About 59% of analysts have issued “hold” recommendations, and 9% have issued “sell” recommendations, according to Bloomberg.
Over the years, we’ve seen Kinross’s share price move in tandem with analyst recommendations. The consensus price target now stands at $6.2, implying a potential upside of 44% based on its current market price.
Gold miners’ ratings
Among senior gold miners (GDX), Agnico Eagle Mines (AEM) is the analyst favorite with the highest percentage of “buy” recommendations. Newmont Mining (NEM) has the lowest percentage of “sell” recommendations, and the majority of analysts issued “hold” recommendations for both Newmont and Goldcorp (GG).
Recent rating changes
Kinross’s stock has also seen some rating changes. Deutsche Bank (DB), for example, upgraded Kinross to “hold” on July 7 with a target price of $4.5 for the stock. TD Securities, on the other hand, reiterated its “buy” rating for Kinross with a target price of $7.5.
Following Kinross’s recent operational updates, many analysts have commented on the stock. Analysts from RBC Capital Markets, Raymond James, TD Securities, and BMO Capital Markets Jefferies have commented on Kinross’s stock, but all of them have maintained their “buy” ratings.