Canaccord Genuity Maintains a Buy on Kinross Gold (KGC) With a C$28 PT

Kinross Gold Corporation (NYSE:KGC) is one of the most profitable gold stocks to buy right now. In a report released on July 23, Carey MacRury from Canaccord Genuity maintained a Buy rating on Kinross Gold Corporation (NYSE:KGC) with a price target of C$28.00.

In other news, Kinross Gold Corporation (NYSE:KGC) reported on July 25 that it sold an aggregate of 23,681,160 common shares of White Gold Corp., which represented all of the common shares held by KGC, at an average sales price of C$0.29 (excluding commission). This translates to an aggregate sale price of C$6,869,905.51.

Management stated that the shares represented around 12% of the outstanding White Gold common shares.

Based in Canada, Kinross Gold Corporation (NYSE: KGC) is a global senior gold mining company operating in the US, Brazil, Mauritania, Chile, and Canada.

Its projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast, and the Great Bear projects.

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Disclosure: None. This article is originally published at Insider Monkey.