Commodities
Scotiabank Lowers Kinross Gold Price Target to $39.00
Scotiabank has lowered its price target for Kinross Gold (NYSE:KGC) from $41.00 to $39.00 in a recent research note. The firm maintains its 'sector outperform' rating on the mining company's stock, indicating a potential upside of 41.23% from the current price.
The move comes as Kinross Gold continues to navigate the gold and cryptocurrency markets. Despite some analysts expressing caution, Scotiabank remains optimistic about the company's prospects.
Kinross Gold has been the subject of various research reports in recent months, with ATB Cormark Capital Markets upgrading its rating from 'hold' to 'moderate buy'. However, not all analysts are bullish on the stock. Wall Street Zen downgraded Kinross Gold from a 'buy' rating to a 'hold' rating.