Deutsche Bank Upgrades Kinross Gold (KGC) to Buy; Higher Upside Now Possible

Deutsche Bank upgraded Kinross Gold (NYSE: KGC) to Buy with a price target of $18.00.

Deutsche analyst says, "We believe that Kinross should trade toward the higher end of the range of its peer group, given its higher long-term growth profile, commitment to remain a "pure" precious metals producer, fairly competitive cost structure, and expansion options. However, our lower multiple vis-àvis other "growth" gold producers in our universe factors higher-than-average execution and country risk due to out-sized Frontier Market exposure."

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 $12.30 yesterday.

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