UPDATE: RBC Capital Upgrades Kinross Gold (KGC) to Outperform

June 15, 2020 4:23 PM EDT
Get Alerts KGC Hot Sheet
Price: $6.52 +0.31%

Rating Summary:
    13 Buy, 11 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 22 | Down: 13 | New: 31
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(Updated - June 15, 2020 4:24 PM EDT)

(updating comment)

RBC Capital analyst Stephen Walker upgraded Kinross Gold (NYSE: KGC) from Sector Perform to Outperform with a price target of $7.50 (from $7.00).

The analyst comments "Kinross announced an updated fiscal agreement with Mauritania at its Tasiast mine (25% of NAV), resolving a longstanding company overhang. In conjunction with a material reduction of uncertainty, improving prospects, and prior reported increased operating visibility, we are upgrading to OP from SP."

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 $6.19 yesterday.

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