J.P. Morgan Reiterates Overweight on Kinross Gold (KGC)

J.P. Morgan is out with its report on Kinross Gold KGC, reiterating Overweight on the news of Paul Barry joining KGC as CFO.

In a note to clients, J.P. Morgan writes, "We feel it's encouraging that a new CFO with Paul Barry's track record is keen to join Kinross. Perhaps this means that Barry shares our confidence in the upside for Kinross from the current depressed levels. We reiterate our Overweight rating and expect eyes to be opened, with respect to upside at Tasiast, after the upcoming mine visit."

Shares of KGC closed Monday at $15.79.