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Analysts Offer Insights on Materials Companies: Kinross Gold (KGC) and OceanaGold (OtherOCANF)

Tipranks - Thu Feb 5, 8:18PM CST

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Kinross Gold (KGCResearch Report) and OceanaGold (OCANFResearch Report).

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Kinross Gold (KGC)

In a report issued on February 3, Josh Wolfson from RBC Capital maintained a Hold rating on Kinross Gold, with a price target of $36.00. The company’s shares closed last Wednesday at $32.98.

According to TipRanks.com, Wolfson is a top 100 analyst with an average return of 24.4% and a 70.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Anglogold Ashanti PLC, and Hecla Mining Company. ;'>

Currently, the analyst consensus on Kinross Gold is a Strong Buy with an average price target of $40.06.

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OceanaGold (OCANF)

In a report issued on February 3, Harrison Reynolds from RBC Capital maintained a Buy rating on OceanaGold, with a price target of C$52.00. The company’s shares closed last Wednesday at $35.65.

Reynolds has an average return of 75.2% when recommending OceanaGold. ;'>

According to TipRanks.com, Reynolds is ranked #652 out of 12040 analysts.

Currently, the analyst consensus on OceanaGold is a Strong Buy with an average price target of $38.40, an 8.1% upside from current levels. In a report issued on January 23, Canaccord Genuity also maintained a Buy rating on the stock with a C$59.00 price target.

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