TD increases Gold price forcast: Level 2From Street Insider :
TD Securities upgrades Kinross Gold (
NYSE:
KGC) from'Hold' to 'Buy' and boosts the price target from $22 to $24. The firmcites a period of share price underperformance and incorporation ofhigher
gold price forecasts.
The firm believes that Kinross is "one of the most inexpensive large capgold producers on our coverage universe." TD also notes, "Although weremain unclear how management expects to leverage its equity stake in
RBI into a larger strategic position in WestAfrican gold, we believe that the share price now represents good valuefor a senior gold producer with respectable production growth through2014 (+32%)."
TD Securities increases gold price forecasts from $1,100/oz toUS$1,300/oz in 2011 and from $1,000 to $1,400/oz in 2012.
Kinross Gold Corporation, together with itssubsidiaries, engages in the gold mining and related activities.
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Late Yesterday afternoon, TD had a bid up for 50,000 shares . Thinking they might be coming around for more.
Market by Price
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Bids |
12,700 |
3 |
1.40 |
26,300 |
5 |
1.39 |
29,500 |
4 |
1.38 |
19,000 |
6 |
1.37 |
11,100 |
4 |
1.36 |
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Asks |
1.41 |
6 |
17,300 |
1.42 |
3 |
17,100 |
1.43 |
2 |
8,000 |
1.44 |
5 |
26,500 |
1.45 |
7 |
26,500 |
|
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Market by Order
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