Desjardins lowered its price target on Kinross Gold Corp. (K.TO, KGC) to CA$53 from CA$58.
Analyst Bryce Adams maintained a buy rating on shares of the Canadian mining company.
On Wednesday, Kinross reduced its 2026 and 2027 attributable production guidance, and raised its return of capital target.
"We view the combined update negatively," Adams said in a note to clients.