Raymond James analyst Farooq Hamed maintained a Buy rating on Kinross Gold (NYSE:KGC) Corp. on Wednesday, setting a price target of C$10.5, which is approximately 47.24% above the present share price of $5.72.
Hamed expects Kinross Gold Corp. to post earnings per share (EPS) of $0.09 for the fourth quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Kinross Gold, with an average price target of $8.82.
The analysts price targets range from a high of $10.03 to a low of $8.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1 billion and a net profit of $193.9 million. The company's market cap is $7.22 billion.
According to TipRanks.com, Raymond James analyst Farooq Hamed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.9% and a 36.67% success rate.
Kinross Gold Corp. is an exploration company. It engages in the production, acquisition, exploration and development of gold bearing properties in Canada, United States, the Russian Federation, Brazil, Ecuador, Chile, Ghana and Mauritania. The products are gold and silver produced in the form of dore. The company operates through the following business segments: Fort Knox, Round Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Crixas, La Coipa, Maricunga, Tasiast and Chirano. The company was founded by Robert MacKay Buchan on May 31, 1993 and is headquartered in Toronto, Canada.