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Recent Changes in Kinross Gold’s Analyst Ratings

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Analyst recommendations

Among senior gold miners (GDX), analysts are most bullish on Newmont Mining (NEM), with 58.0% “buy” and 37.0% “hold” recommendations. A year earlier, 45.0% of analysts were recommending a “buy” for the stock.

Goldcorp (GG) comes in second with 54.0% of the 24 analysts recommending a “buy.” According to consensus analyst estimates compiled by Thomson Reuters, Barrick Gold (ABX) has 44.0% “buy” ratings, 48.0% “hold” ratings, and 8.0% “sell” ratings.

Analysts’ opinions are tilted toward a “hold” for Kinross Gold (KGC), with 68.0% of them giving it that rating. Its target price is $4.47, which represents a rise of 75.0% in the last year.

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Recent analyst ratings changes

TD Securities raised Kinross Gold’s target price to $5 Canadian from $4.50 Canadian on February 28, 2017. It has a “buy” rating for the stock.

On February 16, 2017, Scotiabank reiterated its “sector perform” rating on Kinross Gold stock. On the same day, the Royal Bank of Canada reiterated its “outperform” rating for the stock.

On January 11, 2017, the Canadian Imperial Bank of Commerce cut its target price for Kinross Gold (KGC) from $5.25 to $4.75. Jefferies also cut its target price to $3.50.

BMO Capital Markets downgraded Kinross stock to “market perform” from “outperform.” That followed its decision to lower its gold price outlook. It also lowered its target price from $6.50 to $3.75.

Citi (C) downgraded Kinross Gold from “neutral” to “sell” on December 5, 2016.

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