Reported about 11 hours ago
Canaccord has raised the price target for Kinross Gold Corporation (NYSE:KGC) from $28 to $29.50 while maintaining a Buy rating. This adjustment follows the company's strong second-quarter performance, reporting $1.73 billion in revenue and $0.44 in EPS, both exceeding expectations. Kinross achieved a record free cash flow of $646.6 million, driven by efficient operational practices, and is on track to meet its annual production goal of 2 million gold equivalent ounces.
Source: YAHOO