KGC - CFRA goes all-in on Kinross Gold stock's 'compelling valuation'

CFRA analyst Matthew Miller upgrades Kinross Gold ([[KGC]] -2.0%) to Strong Buy on its "compelling valuation and strong visibility for top-tier production growth."Sees 2021 production flat Y/Y, but expects ~12% growth in 2022. In addition, KGC's financial position is "strong with an outlook for robust free cash flow, which supports a reinstated sustainable dividend," Miller writes.Lifts 2020 EPS estimate by US$0.14 to US$0.76 and 2021 estimate by US$0.07 to US$0.94.By Quant rating, Kinross ties for fifth of gold miners with market cap of over $1B, achieving a Very Bullish score.

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CFRA goes all-in on Kinross Gold stock's 'compelling valuation'