10 Most Undervalued Gold Stocks to Buy According To Analysts

5. Kinross Gold Corporation (NYSE:KGC)

Price to Earnings Ratio as of June 30: 12.64

Stock Upside Potential: 17.42%

Kinross Gold Corporation (NYSE:KGC) is one of the 10 most undervalued gold stocks to buy, according to analysts. On June 26, Jefferies analysts reiterated a ‘Hold’ rating and raised the price target to $18 from $14. The bullish stance is in response to the company demonstrating strong financial performance.

In addition, Jefferies analysts are encouraged by the company’s projected solid free cash flow yield for 2025 and 2026. According to the analysts, free cash flow generation should distinguish Kinross Gold from other senior gold peers. It will also leave the company in a solid position to increase share repurchases.

Jefferies expects Kinross to repurchase 11% of its market capitalization, affirming its strong financial position and commitment to returning value to shareholders. The company also boasts a clear production outlook, with plans to produce over 2 million ounces of gold, which should enable it to generate more value.

Kinross Gold Corporation (NYSE:KGC) is a gold mining company that acquires, explores, develops, extracts, processes, and sells gold. It operates gold mines and related processing facilities in various countries, producing silver for sale as well. Kinross focuses on delivering value through operational excellence, a strong balance sheet, disciplined growth, and responsible mining practices.