Kinross Reports Highest Upside According to JPM

JP Morgan has published a research report on Kinross Gold KGC following 3Q results that showed success and Kinross reported the most upside in JP Morgan's gold coverage. In the report, JP Morgan writes "The company is focused on the critical path to planned bigger production in '15 from Tasiast and the first test is to get more drill data for the 2011 feasibility study. Already based on this summer's drilling, the company has added another 3.2moz to resources; total resource is now about 9.3moz and total inferred resource is 5.1moz. And there are some other interesting things going on at the other operations, Paracatu, Fort Knox and FDN. Kinross has the most upside in our gold coverage list and we reiterate our Overweight rating." JP Morgan also maintains its $23 price target. Kinross Gold closed Friday at $18.84.