BUZZ-Kinross Gold Corp: Hits 5-month low on Citi, Dundee price target cuts

Mon Apr 13, 2015 3:10pm EDT
 
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** Canadian miner's U.S.-listed shares down 5 pct at $2.19; Toronto-listed shares down 4.8 pct at C$2.76

** Stock at lowest levels since November last year

** Citigroup and Dundee Capital Markets cut price target, citing forecasts for lower gold and silver prices

** Production at Maricunga in Chile could fall slightly due to a weather-related temporary suspension, Citigroup adds

** Citigroup cuts PT to $2.60 from $3.20, Dundee cuts to C$3.75 from C$4.00

** Through Friday, stock had fallen 45 pct on the NYSE in the past 12 months, while gold prices have fallen 8.4 pct