Kinross Gold (KGC) PT Raised to $6 at Jefferies

Jefferies analyst Christopher LaFemina raised the price target on Kinross Gold (NYSE: KGC) to $6.00 (from $5.50) while maintaining a Hold rating.

The analyst commented, "Kinross reported 3Q adj. EPS of $0.07, slightly below our estimate of $0.08 (but ahead of consensus of $0.05). Reported sales volumes were 5% lower than we had expected while cash costs of production were 2% lower than what we had modeled. Management is confident that operational targets for the year will be met and reports that the company's share buyback program is now ~14% complete. Reiterate Hold rating on KGC on gold price risk and operational risk."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• GMR Airports Infrastructure (GMRI:IN) PT Raised to INR99 at ICICI Securities
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy