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UPDATE: Canaccord Genuity Downgrades Kinross Gold Corporation to Hold

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Earnings Scheduled For May 2, 2017
Earnings Scheduled For February 15, 2017
Investing in the Gold Industry (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
Jun 2017Raymond JamesReinstatesOutperformOutperform
May 2017CIBCUpgradesSector PerformOutperform
Dec 2016BMO CapitalDowngradesOutperformMarket Perform

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