As previously reported, BofA analyst Lawson Winder upgraded Kinross Gold (KGC) to Buy from Underperform with a price target of $12.75, up from $9.25. The firm sees many of the concerns it has had with Kinross – including shorter mine life, ability to maintain 2M gold equivalent ounces of annual production, and unit costs – being addressed and it “materially” increased it estimate of 2026 gold equivalent ounce production to 2M and hikes its EPS forecast, the analyst tells investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGC:
- Kinross Gold upgraded to Buy from Underperform at BofA
- Unusually active option classes on open January 17th
- Kinross Gold price target lowered to $9.25 from $10.25 at BofA
- Kinross Gold call volume above normal and directionally bullish
- Kinross Gold to Announce 2024 Financial Results and 2025 Guidance in February