UBS and BofA Bullish on Kinross Gold (KGC)

Core Viewpoint - Kinross Gold Corporation (NYSE:KGC) is recognized as one of the best gold mining companies to invest in, with a positive outlook from major financial institutions like UBS and BofA Securities [1][3]. Group 1: Price Target and Ratings - UBS raised its price target for Kinross Gold from $31 to $33 while maintaining a Buy rating [1]. - BofA Securities also holds a positive view on Kinross Gold, forecasting a significant rise in gold prices over the next year [3]. Group 2: Gold Market Outlook - Gold is expected to remain a popular bullish investment heading into 2026, supported by strong demand from private investors and central banks [2]. - BofA forecasts that gold prices could reach $5,000 per ounce in 2026, with potential to rise as high as $7,000 per ounce if it mirrors the 2000s bull cycle [3][4]. Group 3: Company Leverage and Sensitivity - Kinross Gold is identified as having strong overall leverage, with its EBITDA and net asset value (NAV) being highly sensitive to a 10% increase in gold prices [5]. - The company operates in multiple countries, including the US, Brazil, Mauritania, Chile, and Canada, positioning it well to benefit from rising gold prices [6].