CIBC Lowers Kinross Gold Corp Price Target, Keeps Sector Performer Rating
Valuations for Kinross Gold Corp. (K.TO) shares are favourable and "an entry at these levels is a reasonable investment decision for long-term holders," CIBC World Markets Inc. analyst Barry Cooper is cited in the Globe and Mail as saying. He reportedly cautioned, however, that it could be several quarters before the stock begins to outperform its peers given the projects that are in the pipeline.
Cooper lowered his price target by $2 (U.S.) to $20 and reiterated his Sector Performer rating.
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