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Kinross Gold Corporation (K:CA) Scotiabank Maintains “Outperform”

Stock Target Advisor - Thu Jan 22, 7:58PM CST

Kinross Gold Corporation (K:CA) (KGC)

Scotiabank recently maintained its “Outperform” rating on Kinross Gold with a 12 month target price of $44.50 per share, reflecting continued confidence in the company’s operational execution and leverage to gold prices. The firm highlighted Kinross’s diversified asset base, which provides stable production and reduces jurisdictional risk, while ongoing cost discipline supports strong margins amid elevated gold prices.  Analysts also pointed to solid free cash flow generation, allowing Kinross to strengthen its balance sheet, fund sustaining capital, and return capital to shareholders through buybacks and dividends. In addition, the company’s project pipeline and exploration upside offer potential for longer-term production growth without materially increasing risk.

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