1017 ET - Ahead of 4Q results for North America's precious metals companies, BofA Securities lifts its call on Kinross Gold to buy from underperform and drops Barrick to neutral from buy. Concerns about Kinross's shorter mine life, ability to maintain annual production and unit costs are being addressed. And BofA sees the potential for the miner to raise capital returns in 2025 via a share buyback. Its target rises to $12.75 from $9.25. With Barrick, BofA sees increasing risk around guidance, particularly related to Mali operations that have been suspended and a challenged ramp-up of the Pueblo Viejo mine in Dominican Republic. Its target falls to $18 from $21. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
January 27, 2025 10:17 ET (15:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.