CIBC Raises PT on Kinross Gold Corporation (KGC) from $16 to $21 Amid Strong Cash Flow Growth

Kinross Gold Corporation (NYSE:KGC) has attracted significant hedge fund interest, making it one of the 11 Best Mineral Stocks to Buy According to Hedge Funds.

On July 15, 2025, CIBC increased its price target on Kinross Gold Corporation (NYSE:KGC) from $16 to $21, maintaining an ‘Outperform’ rating. This follows a bullish rating issued earlier by Jefferies. The company’s strong financial health is cited, with expectations of healthy free cash flow in the current year and the upcoming year, having reduced its net debt significantly to $540 million.

Kinross Gold Corporation (NYSE:KGC) expects a stable gold production, with plans to reach 2 million ounces, generating increased value for it. This optimism flows into analysts’ revised estimates that project 11% and 16.5% increased growth in the company’s earnings for FY25 and FY26, respectively.

Kinross Gold Corporation (NYSE:KGC) is a gold miner, dealing in assets located in the United States, Brazil, Chile, Canada, and Mauritania. It is included in our list of the Best Material Stocks.

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