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BofA Raises its Price Target on Kinross Gold Corporation (KGC) to $42.75 and Maintains a Buy Rating

Kinross Gold Corporation (NYSE:KGC) is among the 10 Must-Buy Mining Stocks to Invest In.

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.

While we acknowledge the potential of KGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KGC and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Tech Stocks that Beat Earnings Estimates and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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