J.P. Morgan Maintains Overweight on Kinross Gold

J.P. Morgan released its report yesterday on Kinross Gold

, maintaining Overweight. In its report, J.P. Morgan writes, "Kinross delivered an earnings beat and strong operating results. The company has guided capital costs higher in line with industry trends and demonstrated confidence in its finances by increasing its dividend. We reiterate our Overweight rating and expect KGC to have a strong day tomorrow." At the time of posting, shares of KGC were trading pre-market at $16.28, up 0.12% from Wednesday's close.