Jefferies raised the firm’s price target on Kinross Gold (KGC) to $11 from $10 and keeps a Hold rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGC:
- White Gold files technical report to update MRE at White Gold Project
- Kinross Gold call volume above normal and directionally bullish
- Largest borrow rate increases among liquid names
- Kinross Gold price target raised to $13 from $11 at Scotiabank
- White Gold announces updated MRE for White Gold project