Movement Alert|Kinross Gold Falls 5.17% in Regular Trading, RBC Cuts Target Price to $40 Amid Sector-Wide Sell-Off

Market Focus06-05

On June 5, Kinross Gold fell 5.17% in regular trading, trading at $26.825 USD/share, with trading volume of approximately $97.47 million.

On the news front, Royal Bank of Canada recently lowered its price target on Kinross Gold from $45 to $40, while maintaining an Outperform rating. According to FactSet, the stock carries an average analyst rating of Buy with a mean price target of $43.41. The target cut reflects a more cautious near-term outlook despite the continued constructive long-term view.

Within the Gold sector where Kinross Gold belongs, stocks were under broad selling pressure. Among individual stocks, Agnico Eagle Mines down 5.43%, Newmont Mining down 5.35%, Barrick Mining Corporation down 5.33%, Coeur Mining down 9.09%, Pan American Silver down 7.30%.

Kinross Gold operates gold mining properties across the United States, Brazil, Chile, Canada, and Mauritania. The company's next earnings report is expected on July 29, with consensus EPS estimate of $0.71.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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