CIBC Raises PT on Kinross Gold (KGC), Keeps an Outperform Rating
Group 1 - Kinross Gold Corporation (NYSE:KGC) is identified as a top large-cap stock to buy, with a price target increase from $22 to $36 by CIBC, maintaining an Outperform rating [1] - The upgraded price target is based on higher gold price forecasts, with expectations of gold at $4,500 per ounce and silver at $55 per ounce through 2026 and 2027 [2] - The company's year-to-date performance has been strong, attributed to the stock catching up with market trends [2] Group 2 - Kinross Gold operates mines and projects in multiple countries, including the United States, Brazil, Mauritania, Chile, and Canada [3]