Company News

BUZZ-Kinross Gold Corp: Golden on Street beat

** U.S.-listed shares of Canadian gold miner up 5 percent at $4.38 in early trading after third quarter revenue, profit beat estimates, helped by its two Nevada mines and at Tasiast. Company on target to meet its annual forecast range for the sixth consecutive year

** Revenue beats estimates for the fourth straight quarter, while profit beat for the third straight quarter, per TR data

** Canaccord Genuity raises PT to C$9 from C$8, adds company to its focus list; says the quarter was “exceptional” with almost every mine exceeding expectations

** More than 1 mln shares traded, ~0.2x their 30-DMA

** Stock up 40.2 pct YTD (Reporting by Amy Caren Daniel in Bengaluru; Editing by Bernard Orr)