UBS Boosts Kinross Gold's (KGC) Price Target to $27, Maintains Buy

Kinross Gold Corp. (NYSE:KGC) is one of the best precious metals stocks to buy now. On September 19, UBS analyst Daniel Major increased the price target on the company’s stock to $27 from $20, while maintaining his Buy rating.

The company has a robust balance sheet with $1.1 billion in cash and a total liquidity (including credit facilities) of $2.8 billion. This enables it not only to fund expansions at its existing operations but also to accelerate new growth projects, supporting production through 2030 and beyond.

It also boasts a strong free cash flow yield of over 7%, which stands above most of its peers, and is supported by a high-margin production profile. Kinross Gold Corp. (NYSE:KGC) has guided for annual attributable gold equivalent production of 2.0 million oz between 2025 and 2027. This production profile is underpinned by a sizeable gold and resource base with nearly 22 million ounces in proven/probable reserves and 26 million ounces of measured and indicated resources.

Kinross Gold Corp. (NYSE:KGC) is a Canadian global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Canada.

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