The Globe and Mail reports in its Tuesday, Jan. 16, edition that analysts at National Bank Financial see an improved outlook for precious metals entering 2024 "in the context of real rates." The Globe's David Leeder writes in the Eye On Equities column that the National Bank analysts have reaffirmed their "outperform" recommendation for Kinross Gold. They continue to target the shares at $10. Analysts on average target the shares at $9.21. Analyst Shane Nagle says in a note: "Kinross maintains significant opportunities for growth within its North American portfolio, which will help improve its geopolitical risk profile. ... Kinross also exhibits above-average leverage in a supportive environment for the commodity, with our NAV showing about a 3.2:1 sensitivity to the gold price. This above-average sensitivity comes from a combination of a modestly levered balance sheet, being a pure-play precious metals producer and having an above-average cost structure." The Globe reported on Aug. 18 that Credit Suisse rated Kinross Gold "neutral." It was then worth $6.26. The Globe reported on Oct. 24 that National Bank analysts rated Kinross "outperform." It was then worth $7.42.