Kinross Gold price target lowered to $4 from $6 at RBC Capital

RBC Capital analyst Josh Wolfson lowered the firm’s price target on Kinross Gold to $4 from $6 and keeps a Sector Perform rating on the shares. The stock has performed well in recent months thanks to higher gold prices and the company’s aggressive $300M buyback in Q4, though his valuation has been negatively impacted by Kinross’s corporate updates in Q3, the analyst tells investors in a research note.