CIBC Raises PT on ​Kinross Gold (KGC), Keeps an Outperform Rating

​Kinross Gold Corporation (NYSE:KGC) is one of the Hottest Large-Cap Stocks to Buy Now. On October 10, Anita Soni from CIBC raised the firm’s price target on Kinross Gold Corporation (NYSE:KGC) from $22 to $36, while keeping an Outperform rating on the stock.

​The analyst noted that the upgraded price target reflects the higher gold price forecasts. The firm now anticipates gold at $4,500 per ounce through 2026 and 2027, with silver at $55 per ounce during the same time. Moreover, while mentioning the year-to-date outperformance of the company, Soni noted that most of the upward revision in the performance is the stock catching up.

​Kinross Gold Corporation (NYSE:KGC) is a gold mining company operating mines and projects across the United States, Brazil, Mauritania, Chile, and Canada.

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