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Raymond James downgrades Kinross Gold to "hold," but the company beats earnings and raises revenue.
Raymond James Financial has upgraded Kinross Gold to a "hold" rating with a $15 target, suggesting a 4.03% potential downside.
Despite this, Kinross has a consensus "Buy" rating and a $17 target.
Recently, the company beat earnings expectations, reporting $0.30 EPS.
Kinross also announced a quarterly dividend and saw a 38.5% increase in quarterly revenue compared to the previous year.
The stock has a market cap of about $19 billion and a P/E ratio of 15.95.
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Raymond James rebaja la calificación de Kinross Gold a "hold", pero la compañía supera las ganancias y aumenta los ingresos.