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Kinross Gold double upgraded to Buy at BofA with many concerns addressed

Kinross Gold double upgraded to Buy at BofA with many concerns addressed

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.

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