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Fly News Breaks for August 20, 2018
KGC
Aug 20, 2018 | 08:06 EDT
As reported earlier, RBC Capital analyst Stephen Walker downgraded Kinross Gold to Sector Perform from Outperform and lowered his price target to $4.25 from $5.00. The analyst notes that while positive catalysts remain, including the continued progress made in organic growth projects, the potential for expansion has been priced into the stock. Walker also points to the increased tax uncertainty and royalty payment outlook for the company's assets in Mauritania and Russia.
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