Credit Suisse Has Uncertainty About Kinross Gold Corporation (USA) Regarding Tasiast Expansion

In a report published Thursday, Credit Suisse analyst Anita Soni reiterated a Neutral rating and $3.00 price target on

. In the report, Credit Suisse noted, "We rate KGC Neutral due to uncertainty and ultimately execution risk regarding the Tasiast expansion, which was deferred again with year end results in February. We see M&A as more likely now that the Tasiast expansion has been deferred. However, in our view a JV partner or revisit of a smaller scale expansion strategy at Tasiast would be a positive." Kinross Gold Corporation (USA) closed on Wednesday at $2.36.