Scotiabank raised the firm’s price target on Kinross Gold (KGC) to $13 from $11 and keeps an Outperform rating on the shares. The firm has adjusted its gold forecasts for 2025, 2026, and 2027, reflecting SC Economics/Strategy forecasts for interest rates, inflation, and USD expectations, the analyst tells investors. While the firm’s long-term gold price forecast has not changed, Scotiabank made changed to its net assets values and target prices for stocks covered in its Gold & Precious Minerals sector.
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Read More on KGC:
- White Gold announces updated MRE for White Gold project
- Kinross Gold Reports Robust Q3 2024 Results
- Kinross Gold Reports Strong Q3 Results and Debt Repayment
- Kinross Gold Sees Surge in Q3 Metal Sales
- Kinross Gold reports Q3 adjusted EPS 24c, consensus 19c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
