Market Overview

UPDATE: Canaccord Genuity Downgrades Kinross Gold Corporation to Hold

Share:
Related KGC
All That Glitters Ain't Buy-Rated: Citi Goes Neutral On Gold
Citi Might Upgrade Kinross From Neutral If Mine-Life Were To Improve
Kinross Gold: Some Operations Updates and Issues (GuruFocus)

Canaccord Genuity lowered its rating on Kinross Gold Corporation (NYSE: KGC) from Buy to Hold and reduced its price target from $10.50 to $8.75.

Canaccord Genuity noted, "We are revising our rating on Kinross shares to HOLD from Buy following the release of Q2/12 results which included a potentially smaller expansion at Tasiast. Our HOLD rating is based on relative valuation, implied return to target, uncertainty surrounding the scope, processing methodology, and resource growth potential at Tasiast and Lobo-Marte, and uncertain fiscal terms and development timeline of the FDN project."

Kinross Gold Corporation closed at $3.16 on Wednesday.

Latest Ratings for KGC

DateFirmActionFromTo
Jul 2016JefferiesUpgradesUnderperformHold
Jul 2016Deutsche BankUpgradesSellHold
Jul 2016MacquarieUpgradesUnderperformNeutral

View More Analyst Ratings for KGC
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (KGC)

View Comments and Join the Discussion!