RBC Capital upgraded Kinross Gold (KGC) to Outperform from Sector Perform with a price target of $45, up from $36. The firm says “Kinross offers a combination of high free cash flow, leverage to rising gold prices, a stable operating outlook, and favorable execution. The company has a “clear pathway” for capital returns and offers investors attractive growth in per share metrics, the analyst tells investors in a research note.
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