Kinross Gold Corp rises amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: NASDAQ.COM
Kinross Gold Corp (KGC) shares increased by 5.02% during regular trading, crossing above the 5-day SMA, reflecting positive market conditions.
This price movement occurs amid broad market strength, with the Nasdaq-100 up 0.89% and the S&P 500 up 0.51%. The overall market performance suggests a favorable environment for gold stocks, contributing to KGC's upward momentum.
The rise in KGC's stock price indicates growing investor confidence, potentially driven by the ongoing demand for gold as a safe-haven asset in uncertain economic times.
Analyst Views on KGC
Wall Street analysts forecast KGC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for KGC is 31.08 USD with a low forecast of 25.19 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 37.870
Low
25.19
Averages
31.08
High
33.00
Current: 37.870
Low
25.19
Averages
31.08
High
33.00
About KGC
Kinross Gold Corporation is a gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties. Its operations and projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Tasiast, and the Great Bear project, among others. Fort Knox is an open-pit gold mine located near the city of Fairbanks, Alaska. Round Mountain is an open-pit mine located in Nevada. Paracatu is a cornerstone operation located near the city of Paracatu in Brazil’s Minas Gerais region. The Tasiast mine is an open-pit operation located in northwestern Mauritania. The La Coipa mine is located in the Atacama region in Chile. The Great Bear is a development project in Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
