UBS Maintains a 'Buy' on Kinross Gold (KGC); Dvoinoye Approved
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Price: $5.81 -0.68%
Rating Summary:
8 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 5 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade KGC Now!
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, with a 52 week range of $7.11-$18.25.
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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, with a 52 week range of $7.11-$18.25.
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