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Fly News Breaks for August 24, 2015
KGC
Aug 24, 2015 | 07:00 EDT
RBC Capital downgraded Kinross Gold to Underperform and lowered its price target to $2.25 from $3.25. The firm lowered its gold price deck by 7%, resulting in a 32% decrease in Kinross' NAV. RBC sees risk of Kinross being a value trap given short reserve lives and high operating leverage.
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