Kinross Gold November calls active as shares near 11-year low Kinross Gold November 5 calls are active on total call of 28K contracts; compared to its open interest of 1,700 contracts. June call option implied volatility is at 34, July is at 33, August is at 35, November is at 42; compared to its 26-week average of 46 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Associated British Foods (ASBFY) upgraded to Buy from Sell at Goldman... Avago (AVGO) upgraded to Buy from Hold at Jefferies... China Telecom (CHA) upgraded to Buy from Hold at Jefferies... Copart (CPRT) upgraded after headwinds disclosed at SunTrust... Kinross Gold (KGC) upgraded to Buy from Neutral at UBS... MagnaChip (MX) upgraded to Buy from Hold at Topeka... Newcrest Mining (NCMGY) upgraded to Buy from Neutral at Goldman... Noranda Aluminum (NOR) upgraded to Neutral from Sell at UBS.
Kinross Gold upgraded to Buy from Neutral at UBS UBS upgraded Kinross Gold to Buy citing the 35% decline in shares since mid-January. The firm sees upside from the company's "solid" operating performance in recent quarters and keeps a $3 price target for the stock.