10 Must-Buy Mining Stocks to Invest In

7. Kinross Gold Corporation (NYSE:KGC)

BofA raised its price target on Kinross Gold Corporation (NYSE:KGC) to $42.75 from $37.50 and maintained a Buy rating after updating forecasts for 2026 metal prices across its North American Metals & Mining coverage.

On February 18, 2026, Kinross reported Q4 adjusted EPS of 67c versus consensus of 55c and revenue of $2.023B compared with consensus of $2.06B.

CEO J. Paul Rollinson described 2025 as “another excellent year,” highlighting record free cash flow of $2.5 billion, an 85% increase year over year, and about $1.5 billion returned to debt and equity holders. Kinross ended the year with a net cash position of $1 billion. Rollinson also pointed to development catalysts including the Phase X, Curlew, and Redbird projects in the United States, which are expected to add more than $4 billion of net asset value and extend mine lives, alongside progress at the Great Bear and Lobo-Marte projects. The company forecasts roughly 2.0 million gold equivalent ounces of production in 2026 while focusing on margins, cash flow, and cost discipline. Kinross also plans to invest an additional $350 million into the business and target returning 40% of free cash flow to shareholders through dividends and share buybacks.

Kinross Gold Corporation (NYSE:KGC) acquires, explores, and develops gold properties primarily in the United States, Brazil, Chile, Canada, and Mauritania.