CIBC Raises Kinross Gold (KGC) PT to $54 with Outperformer Rating

Kinross Gold Corporation (NYSE:KGC) is one of the most undervalued Canadian stocks to buy according to hedge funds. On February 4, CIBC raised its price target for Kinross Gold to $54 from $38.50 with an Outperformer rating on the stock. This increase is part of a broader upward revision across the precious metals sector. CIBC raised its gold price forecasts to $6,000 per ounce for 2026 and $6,500 for 2027. Additionally, the firm noted higher copper price assumptions and indicated that while 2025’s demand ...