UBS Maintains a 'Buy' on Kinross Gold (KGC); Dvoinoye Approved
Tweet
Share
E-mailGet Alerts KGC Hot Sheet
Price: $6.60 +0.61%
Rating Summary:
11 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
11 Buy, 12 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
UBS maintains a 'Buy' on Kinross Gold (NYSE: KGC) price target lowered from $13 to $12.
Analyst, Brian MacArthur, said, "KGC reports adj. Q1 EPS of $0.18, in line with UBS & cons of $0.19/$0.20...Dvoinoye feasibility study completed; optimization process continues...2012 guidance reiterated; production expected to sequentially increase...We have marginally reduced our NAV to reflect a later start-up for both Lobo-Marte and FDN. Applying a P/NAV multiple of 0.70x to our operating NAV (at $1,725/oz gold) of $15.40 and adding non-gold assets of $1.35 we derive our target of $12. Given the return, we rate the shares Buy."
For an analyst ratings summary and ratings history on Kinross Gold click here. For more ratings news on Kinross Gold click here.
Shares of Kinross Gold closed at $7.69 yesterday.
Analyst, Brian MacArthur, said, "KGC reports adj. Q1 EPS of $0.18, in line with UBS & cons of $0.19/$0.20...Dvoinoye feasibility study completed; optimization process continues...2012 guidance reiterated; production expected to sequentially increase...We have marginally reduced our NAV to reflect a later start-up for both Lobo-Marte and FDN. Applying a P/NAV multiple of 0.70x to our operating NAV (at $1,725/oz gold) of $15.40 and adding non-gold assets of $1.35 we derive our target of $12. Given the return, we rate the shares Buy."
For an analyst ratings summary and ratings history on Kinross Gold click here. For more ratings news on Kinross Gold click here.
Shares of Kinross Gold closed at $7.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Bunge (BG) PT Raised to $122 at Citi
- EQT Corp. (EQT) PT Lowered to $46 at Wolfe Research
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
