CIBC Raises Kinross Gold (KGC) Price Target

Kinross Gold Corporation (NYSE:KGC) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On October 10, CIBC increased its price target on Kinross Gold Corporation (NYSE:KGC) from C$22 to C$36 while keeping an Outperformer rating.

The financial services firm raised its gold price forecasts. CIBC now expects gold prices to reach $4,500 per ounce in 2026 and 2027.

CIBC also increased its silver price forecasts to $55 per ounce in 2026 and 2027. The firm’s analyst pointed out that because of the recent rise in gold prices and the impressive year-to-date performance of gold stocks, “some of these revisions are a catch-up.”

Kinross Gold Corporation (NYSE:KGC) is a senior gold mining company with operations and projects in the US, Brazil, Mauritania, Chile, and Canada.

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