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Kinross Gold Corporation (KGC) [hlAlert]

Rating:
Overweight
KGC
down 68.61 %

Kinross Gold Corporation (KGC) upgraded to Overweight with price target $10.60 by HSBC Securities

Posted on: Monday,  Apr 29, 2013  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Kinross Gold Corporation (NYSE: KGC) on 04/29/2013, when the stock price was $5.48. Since
then, Kinross Gold Corporation has lost 68.61% as of 11/24/2015's recent price of $1.72.
If you would have followed this HSBC Securities's recommendation on KGC, you would have lost 68.61% of your investment in 939 days.

Kinross Gold Corporation engages in mining and processing gold and silver ores, and the exploration and acquisition of gold bearing properties in the Americas, Russia, and internationally. The company owns interests in Fort Knox and Round Mountain properties located in Alaska and Nevada, the United States; Paracatu property located in Minas Gerais, Brazil; and Refugio property located in Maricunga District, Chile. It also holds interests in the Porcupine Joint Venture with Goldcorp Canada, Ltd. in Timmins, and Musselwhite mine in Ontario, Canada; La Coipa mine joint venture with Goldcorp, Inc. in Chile; Crixas mine in Brazil; Kettle River mine in Washington, the United States; and other mining properties in various stages of exploration, development, reclamation, and closure. In addition, Kinross Gold owns interests in the Aldebaran property in Chile; Kupol gold and silver property in northwest Russia; and Julietta mine, a gold and silver underground mine in Russia. As of December 31, 2006, it had proven and probable reserves, including 27.9 million ounces of gold and 27.8 million ounces of silver. The company sells its refined gold to banks, bullion dealers, and refiners. Kinross Gold was founded in 1972 and is based in Toronto, Canada.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/29/2013 8:25 AM Buy
None
5.48 10.60
as of 12/13/2013
1 Week up  1.10 %
1 Month down  -7.83 %
3 Months down  -11.38 %
1 YTD down  -16.24 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2008 8:25 AM Hold
None
18.45 20.00
2/19/2008 9:25 AM Sell
None
22.75
10/9/2007 9:25 AM Hold
None
15.26
8/6/2007 9:25 AM Buy
None
12.57 16.00

(*) Stock Price at the time of the recommendation.
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