Kinross Gold Corp. (K:CA) recently received a positive research report from CIBC World Markets, raising its 12 month target price to $52.60 while reiterating an “Outperform” rating on the stock, reflecting confidence in the company’s operational execution, solid production outlook, and leverage to supportive gold prices.
National Bank Financial also raised its target to $60.00 from $52.50 while maintaining an Outperform rating, reflecting improved earnings visibility and a favorable outlook for gold prices.
