UPDATE: JPMorgan Starts Kinross Gold (KGC) at Overweight

February 10, 2021 1:37 AM EST
Get Alerts KGC Hot Sheet
Price: $6.36 -2.15%

Rating Summary:
    12 Buy, 12 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 11 | New: 50
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(Updated - February 10, 2021 4:47 AM EST)

JPMorgan analyst Tyler Langton initiates coverage on Kinross Gold (NYSE: KGC) with a Overweight rating and a price target of $11.00.

The analyst comments "We are initiating coverage of Kinross Gold (NYSE – KGC) with an Overweight rating and a Dec 2021 price target of US$11 and also adding the stock to JPM’s U.S. Analyst Focus List as a value idea. Our price target is based on equal weightings of a 1.5x NPV multiple and a 2021E EV/EBITDA multiple of 5.5x, with both equating to a share price of US$11. We are also initiating coverage of Kinross Gold (TSX – K) with an Overweight rating and a Dec 2021 price target of C$14. Our target for K is derived by applying the US/CAD exchange rate of 1.30 to our US$ price target of $11."

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 $7.34 yesterday.


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