Freedom Broker Upgrades Kinross Gold Corporation (KGC) to Buy, Lifts PT
Freedom Broker upgraded Kinross Gold (KGC) to Buy from Hold on May 18 and raised its price target to $38 from $13.50, citing a “clean, high-quality beat” in fiscal Q1. Kinross reported 492,563 gold-equivalent ounces produced, with production cost of sales of $1,397 per Au eq. oz. It expects 2026 output of 2.0 million Au eq. oz. (+/-5%) and production cost of sales of $1,360 (+/-5%).