The Globe and Mail reports in its Friday, Oct. 18, edition that analysts at TD Cowen are expecting a "strong" third quarter for precious minerals companies, pointing to record-high gold prices and relatively flat cost expectations. The Globe's David Leeder writes in the Eye On Equities column that accordingly, TD Cowen analysts continue to rate Kinross Gold "buy." The analysts boosted their share target to $13 from $11 (all figures U.S.). Analysts on average target the shares at $11.07. TD Cowen analysts say in a note: "Q3/24 saw a record-high quarterly gold price of $2,477/oz (Q2/24: $2,338/oz). Geopolitical instability in the Middle East, Fed rate cuts, safe haven flows, central bank buying and a weakening U.S. dollar are all contributing to bringing gold to multiple record highs in Q3/24, touching $2,685/oz in late September. Physical gold ETF flows flip to net positive in Q3 on the back of a surging gold price. After witnessing net outflows in Q1 and Q2, physical gold ETFs experienced a 3-per-cent net inflow in Q3. Precious metal equity ETF fund flows also turned positive in September, after four months of outflows. This is lining up well to buoy the price of gold."