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Kinross Gold (KGC) Soars 8.86% on Bullish Options Activity, Price Target Hike
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 9, 2025 7:01 pm ET1min read
Kinross Gold (KGC) shares surged 8.86% today, reaching their highest level since December 2011, with an intraday gain of 10.20%.
Kinross Gold has seen a significant increase in bullish activity in its options market, with a notable volume of call options traded. This surge in call options indicates a growing optimism among investors regarding the company's future prospects.
Kinross Gold has received approval from the TSX to renew its Normal Course Issuer Bid (NCIB) program. This renewal underscores the company's dedication to enhancing shareholder value through strategic share repurchases, which can positively influence investor sentiment and stock performance.
Bank of America analyst Lawson Winder has raised the price target for
to $15 from $12.75, while maintaining a "Buy" rating. This upgrade reflects increased confidence in the company's performance and potential for stock appreciation, further bolstering investor optimism.
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