Market Overview

UPDATE: Canaccord Genuity Upgrades Kinross Gold to Buy on Strong Q3 Results

Share:
Related KGC
Pair Trade? RBC Upgrades Randgold Resources, Downgrades Kinross Gold
Top Performing Industries For July 27, 2015

Canaccord Genuity raised its rating on Kinross Gold (NYSE: KGC) from Hold to Buy with a reiterated $13 price target.

Canaccord Genuity said, "We are upgrading Kinross shares to a BUY from Hold following the release of Q3/12 results. Our BUY rating is based on relative valuation and implied return to target. The shares have declined approximately 15% since the beginning of October (underperforming peers by approximately 8.6%) and trade at only 0.73x 5%/spot P/NAV versus the sr/int average of 0.93x."

Kinross Gold closed at $9.39 on Wednesday.

Latest Ratings for KGC

DateFirmActionFromTo
Aug 2015RBC CapitalDowngradesSector PerformUnderperform
Jul 2015CitigroupMaintainsNeutral
Jul 2015CIBCInitiates Coverage onSector Perform

View More Analyst Ratings for KGC
View the Latest Analyst Ratings

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

 

Related Articles (KGC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters