CIBC Raises Kinross Gold (KGC) PT to $54 with Outperformer Rating

Kinross Gold Corporation (NYSE:KGC) is one of the most undervalued Canadian stocks to buy according to hedge funds. On February 4, CIBC raised its price target for Kinross Gold to $54 from $38.50 with an Outperformer rating on the stock. This increase is part of a broader upward revision across the precious metals sector.

CIBC raised its gold price forecasts to $6,000 per ounce for 2026 and $6,500 for 2027. Additionally, the firm noted higher copper price assumptions and indicated that while 2025’s demand drivers should continue into 2026, the market is facing increased geopolitical uncertainty.

CIBC Raises Kinross Gold (KGC) PT to $54 with Outperformer Rating

Furthermore, on January 26, Scotiabank also increased its price target for Kinross Gold Corporation (NYSE:KGC) to $45 from $32 and kept an Outperform rating. This adjustment came as part of a sector-wide update for gold and precious minerals stocks, reflecting the firm’s higher forecasts for gold and silver. These revised projections are supported by ongoing economic and geopolitical uncertainty, as well as robust buying activity from central banks.

Kinross Gold Corporation (NYSE:KGC), together with its subsidiaries, acquires, explores, and develops gold properties principally in the US, Brazil, Chile, Canada, and Mauritania.

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Disclosure: None. This article is originally published at Insider Monkey.