Kinross Gold Corp (KGC) shares increased by 3.50%, reaching a 52-week high of $29.23, closing at $27.92. This price movement reflects the company's strong performance in the gold mining sector, significantly outperforming the S&P 500 and the industry average.
The stock's rise is attributed to robust earnings driven by high gold prices, with a liquidity position of approximately $3.4 billion and record free cash flow of $686.7 million. Analysts are optimistic about KGC's future earnings, with estimates for 2025 and 2026 showing significant growth, supported by favorable gold price trends and a solid financial foundation, making it a strong investment opportunity.
This positive outlook suggests that investors are increasingly confident in Kinross Gold's ability to sustain its growth trajectory, further enhancing its appeal as a growth investment.
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
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.
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
Scotiabank
Outperform
upgrade
$32 -> $45
2026-01-26
New
Reason
Scotiabank
Price Target
$32 -> $45
AI Analysis
2026-01-26
New
upgrade
Outperform
Reason
Scotiabank raised the firm's price target on Kinross Gold to $45 from $32 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Canaccord
Carey MacRury
Buy
maintain
$50 -> $60
2026-01-23
New
Reason
Canaccord
Carey MacRury
Price Target
$50 -> $60
2026-01-23
New
maintain
Buy
Reason
Canaccord analyst Carey MacRury raised the firm's price target on Kinross Gold to C$60 from C$50 and keeps a Buy rating on the shares.
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UBS
Buy
maintain
$33
2026-01-16
Reason
UBS
Price Target
$33
2026-01-16
maintain
Buy
Reason
UBS raised the firm's price target on Kinross Gold to $37.50 from $33 and keeps a Buy rating on the shares. Kinross Gold's production profiles and capex were broadly in-line with expectations, but encouraging and providing improved visibility on the company's ability to sustain production at 2moz well into the 2030s, the analyst tells investors in a research note.
BofA
Buy
maintain
$32
2026-01-16
Reason
BofA
Price Target
$32
2026-01-16
maintain
Buy
Reason
BofA raised the firm's price target on Kinross Gold to $37.50 from $32 and keeps a Buy rating on the shares after the company provided updates on its key U.S. brownfield gold production expansion projects. The firm applies a higher multiple to its estimates to account for what it sees as significant resource conversion upside in Kinross' existing asset portfolio at current gold prices following the "positive update."
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.
