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Enter Symbol:
Rating: KGC
Mkt Perform

Kinross Gold Corporation (NYSE: KGC) downgraded to Mkt Perform by Raymond James

Wednesday,  Nov 18, 2015  10:25 AM ET by Lynn Gilbert

Raymond James downgraded Kinross Gold Corporation (NYSE: KGC) to Mkt Perform.
Previously, Raymond James rated Kinross Gold Corporation (NYSE: KGC) to Outperform on 03/03/2014, when the stock price was valued at $5.19.

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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.

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