The Globe and Mail reports in its Wednesday, Sept. 13, edition that Desjardins Securities analyst John Sclodnick rates Kinross Gold "buy" in new coverage. The Globe's David Leeder writes that Mr. Sclodnick set a share target of $8.50. Analysts on average target the shares at $8.82. The Globe reports that Mr. Sclodnick believes Kinross Gold will hit new peak trading multiples after "upgrading the jurisdictional risk profile by swapping its Russian and Ghanaian assets for the world-class Great Bear project in Ontario." Mr. Sclodnick says in a note: "The company has guided to production of at least two million ounces Aueq [gold equivalent] through 2025 and we model AISC [all-in sustaining costs] below $1,300 (U.S.)/oz over that period, enabling significant free cash flow generation over that timeframe, which should help to delever its balance sheet. We like the company's Americas-focused production base, and with recent consolidation bolstering the production profiles of Newmont and Agnico, Kinross could be an attractive M&A target. A merger of equals might enable it to fill the gap in market cap and production between the three largest gold producers and the next largest producer group, which includes Kinross."