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Fly News Breaks for May 11, 2016
KGC
May 11, 2016 | 07:09 EDT
Goldman analysts led by Andrew Quail upgraded Kinross Gold to Neutral and raised its price target to $5.30 from $2.10. The analyst raised his gold price deck by 10-15% over the next three years, and for 2017, raised the average to $1,150/oz from $1,000/oz and believes Kinross is better positioned to generate free cash flow.
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