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Fly News Breaks for April 10, 2018
KGC
Apr 10, 2018 | 08:10 EDT
As reported earlier, BMO Capital analyst Andrew Kaip downgraded Kinross Gold to Market Perform from Outperform and lowered his price target to $3.50 from $4.75. Kaip says the rating change is not the result of any shift in fundamentals but rather the "growing contagion" of sanctions against Russian companies and officials. The analyst adds that while some further near-term pressure on Kinross Gold can be expected, the stock is a strong buy below $3 per share given that its operations are unaffected by the sanctions.
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