BMO Capital reinstated coverage of Kinross Gold (KGC) with an Outperform rating and C$22 price target The firm sees the Kinross portfolio as a low risk, steady collection of assets with a low-cost core, which makes a strong cash flow engine, the analyst tells investors in a research note. Kinross has also shown good execution and the stock trades at a discount with a 14% free cash flow yield at spot, BMO added.
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