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UPDATE: Canaccord Genuity Downgrades Kinross Gold Corporation to Hold

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UBS Downgrades Kinross Gold to Neutral

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
Dec 2014UBSDowngradesBuyNeutral
Dec 2014CitigroupMaintainsNeutral
Nov 2014CIBCUpgradesSector PerformSector Outperform

View More Analyst Ratings for KGC
View the Latest Analyst Ratings

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

 

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