Kinross Gold (NYSE:KGC) has been downgraded from Buy to Neutral in a report by Bank of America (Merrill Lynch) today.
- Updated: November 26, 2016
Bank of America (Merrill Lynch) has downgraded Kinross Gold (NYSE:KGC) from Buy to Neutral in a report released on 11/22/2016.
Just yesterday Kinross Gold (NYSE:KGC) traded 0.00% even at $3.43. Kinross Gold’s 50-day moving average is $3.69 and its 200-day moving average is $4.54. The last stock price is down -30.12% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 5,968,884 shares of the stock traded hands, down from an average trading volume of 16,670,500
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Kinross Gold has a 52 week low of $1.31 and a 52 week high of $5.82 The company’s market cap is currently $0.
In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 19 brokers have issued a report on Kinross Gold. The 12-month price target is $5.58 with two analysts rating the company a strong buy, five analysts rating the company a buy, eleven analysts rating the company a hold, two analysts rating the company a underperform, and lastly two analysts rating the company a sell.
General Company Details For Kinross Gold (NYSE:KGC)
Kinross Gold Corporation is 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. Its segments include Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano. The Fort Knox mine is located near Fairbanks, Alaska. The Round Mountain open pit mine is located in Nye County, Nevada. The Maricunga open pit mine (formerly known as the Refugio mine) is located approximately 120 kilometers northeast of Copiapo, Chile. The Paracatu open pit mine is located in the State of Minas Gerais, Brazil. The Tasiast mine is an open pit operation located in north-western Mauritania and is over 300 kilometers north of the capital Nouakchott. The Chirano is located in southwestern Ghana, over 100 kilometers southwest of Kumasi, Ghana. It also produces and sells silver.
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