Kinross Gold (KGC) Stock Rising on Ratings Upgrade
NEW YORK (TheStreet) -- Shares of Kinross Gold (KGC) - Get Report are gaining 0.56% to $5.43 this afternoon after analysts at Jefferies upgraded their rating on shares to "hold" from "underperform."
The firm has a $6 price target on the stock, up from $4 previously.
Additionally, gold for August delivery is down 0.85% to $1,332.60 per ounce on the COMEX.
Gold is falling to two-week lows today, as improvements in equities fueled by better-than-expected earnings caused a drop in demand for the haven commodity.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, TheStreet Ratings feels that the company's cash flow from its operations has been weak overall.
You can view the full analysis from the report here: KGC
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.