5 Most Undervalued Silver Mining Stocks to Buy Now

3. Kinross Gold Corporation (NYSE:KGC)

Kinross Gold Corporation (NYSE:KGC) carries a forward P/E of 8.55x, securing its place on our list of the most undervalued silver mining stocks to buy now. Meanwhile, analysts see 66.20% upside for the stock.

On June 9, 2026, Jefferies named Kinross Gold Corporation (NYSE:KGC) among four Buy-rated mining stocks it sees as well-positioned to benefit from a sharp rise in global copper prices, alongside Barrick, Endeavour Mining, and Capstone Copper. The brokerage hiked its copper price forecasts on the back of strong demand from a U.S. capital expenditure cycle centered on data centers and power infrastructure, combined with structural supply deficits.

For Kinross Gold Corporation (NYSE:KGC) specifically, Jefferies estimated total gold equivalent sales of 2,102 thousand ounces for full-year 2026 and set its 2026 EPS estimate at $3.43, while flagging operational disruptions, negative earnings revisions, and sector-wide valuation compression as key risks.

That followed a June 1, 2026, price target increase from BofA analyst Lawson Winder, who raised the firm’s target on Kinross Gold Corporation (NYSE:KGC) to $46 from $43.50 while keeping a “Buy” rating, citing updated estimates.

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

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.