CIBC Raises Kinross Gold (KGC) Price Target

Group 1 - Kinross Gold Corporation (NYSE:KGC) is recognized as one of the 11 best gold stocks to buy according to hedge funds [1] - CIBC raised its price target for Kinross Gold from C$22 to C$36 while maintaining an Outperformer rating [1][2] - CIBC's revised gold price forecast anticipates prices reaching $4,500 per ounce in 2026 and 2027 [1][2] Group 2 - CIBC also increased its silver price forecasts to $55 per ounce for 2026 and 2027 [2] - The analyst noted that the recent rise in gold prices and the strong year-to-date performance of gold stocks prompted some of these revisions [2] - Kinross Gold operates in multiple countries including the US, Brazil, Mauritania, Chile, and Canada [2]