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theglobeandmail.comSEP 243 min read$KGC

Thursday’s analyst upgrades and downgrades

TD Cowen's Steven Green downgraded Kinross Gold's (KGC) 2026-2027 guidance due to underperformance at La Coipa and Round Mountain, reducing production forecasts and EBITDA estimates. Despite lowering his target to $35, he maintains a 'buy' rating. Other analysts also adjusted targets. Slate Grocery REIT (SGR.UN) suspended distributions, leading ATB Cormark to downgrade it to 'underperform.' Thinkific Labs (THNC) announced layoffs, prompting an upgrade to 'outperform' by ATB Cormark.

Original reporting
theglobeandmail.com
Published Sep 24, 2026, 11:45 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 24, 2026, 12:32 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Thursday’s analyst upgrades and downgrades — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$KGCBearishMed
01

Why it matters

These events collectively provide fresh data points that can shift valuation assumptions and short‑term price dynamics for the affected tickers.

02

Market read

Guidance revisions and operational changes are the primary drivers of relevance, offering actionable insights for traders in mining, REIT, and SaaS sectors.

03

What to watch

Potential upside from upcoming mine expansions (Paracatu, Tasiast) and Thinkific's Plus business growth may be under‑appreciated.

Relevance 6/10Novelty 6/10Timing: after the bell on Wednesday

Background

The article compiles analyst actions for several companies, highlighting guidance cuts, distribution suspensions, cost restructurings, and project updates.

Company-level read

Ticker impact

$KGCBearishHigh confidence
Context

Kinross announced a production shortfall and cut its 2026‑2027 guidance, prompting an analyst downgrade and target reduction.

Expected impact

downward pressure over the next weeks

Evidence & confidence

Reduced production and lower EBITDA forecasts directly affect valuation metrics.

Market effects

Sector

Gold mining guidance cuts may pressure peer miners; REIT distribution changes affect income‑focused funds; cost cuts in SaaS could influence sector sentiment.

Regional

North American mining and REIT markets see slight negative bias; US SaaS sector may see modest upside.

Global

Limited to investors tracking commodity miners, REIT yields, and mid‑cap SaaS stocks.

Counterpoint

What could challenge this read

Kinross's share buyback and strong free cash flow could offset production shortfall, offering a buying opportunity.

Key entities

  • Analyst
    TD Cowen

    Provided downgrade and target cut for Kinross.

  • Analyst
    ATB Cormark

    Downgraded Slate Grocery REIT after distribution suspension.

  • Analyst
    ATB Cormark

    Upgraded Thinkific Labs following workforce reduction.

  • Analyst
    National Bank Financial

    Commented on Orezone Gold's project execution.

Read at source← All news

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