5 Best Commodity Stocks to Buy in 2026

4. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 42

On the back of strong hedge fund and analyst support, Kinross Gold Corporation (NYSE:KGC) features on our list of the best commodity stocks to buy in 2026. The stock carries an upside of 44.1%.

On May 18, 2026, Freedom Broker upgraded Kinross Gold Corporation (NYSE:KGC) to “Buy” from “Hold” and raised its price target to $38 from $13.50, calling Kinross Gold Corporation (NYSE:KGC)’s Q1 a “clean, high-quality beat.” The firm identified the Great Bear project as the “most important unpriced option” in Kinross’ portfolio.

The underlying numbers reinforce that view.

An average realized gold price of $4,873 per ounce in Q1 drove metal sales up 61% year-over-year to $2.41 billion, from $1.50 billion in Q1 2025. Adjusted net earnings more than doubled to $854.1 million, or $0.71 per share, compared to $0.30 per share in the prior-year period. Production margins rose 92% to a record $3,476 per gold equivalent ounce sold, comfortably outpacing cost increases despite inflationary pressures.

On the production side, Kinross Gold Corporation (NYSE:KGC) reported 492,563 gold equivalent ounces in Q1. Production cost of sales came in at $1,397 per gold equivalent ounce sold, with attributable production cost of sales of $1,380 per ounce.

The operating leverage Freedom Broker cited is tied to a realized price that is near $4,900 and a cost structure that is still anchored below $1,400. When revenue expands that much faster than unit costs, the translation to earnings is substantial, and that dynamic is what drove the analyst’s upgrade.

Looking ahead, Kinross Gold Corporation (NYSE:KGC) maintained full-year guidance of 2.0 million gold equivalent ounces, plus or minus 5%, at a production cost of $1,360 per ounce and an all-in sustaining cost of $1,730 per ounce. Total attributable capital expenditures are forecast at $1,500 million, plus or minus 5%.

Based in Canada, Kinross Gold Corporation (NYSE:KGC) is involved in the production, exploration, acquisition, and development of gold properties. Its operations are divided into the following business segments: Tasiast, Paracatu, La Coipa, Fort Knox, Round Mountain, Bald Mountain, and Corporate & Other.