UBS and BofA Bullish on Kinross Gold (KGC)

Kinross Gold Corporation (NYSE:KGC) is 1 of the 13 Best Gold Mining Companies to Invest In Now. On December 1, UBS accrued its terms people connected Kinross Gold Corporation (NYSE:KGC) from $31 to $33 and maintained its Buy rating.

The probe steadfast noted that golden entered 2025 arsenic a fashionable bullish concern and is expected to support that enactment heading into 2026. According to UBS, this presumption is supported by beardown request from backstage investors and cardinal banks alternatively of signs of excessive speculation. While golden saw a abbreviated play of precocious enthusiasm successful aboriginal autumn, the firm’s expert noted that the macro situation implicit the adjacent 6 to 12 months points toward continued buying alternatively than the commencement of a carnivore marketplace successful 2026.

On December 1, BofA Securities besides expressed a affirmative presumption connected Kinross Gold Corporation (NYSE:KGC). BofA expects golden prices to emergence sharply implicit the adjacent year, forecasting that golden could scope $5,000 per ounce successful 2026. The steadfast believes that the macro factors that antecedently lifted golden prices are inactive successful place.

The slope pointed retired that if golden tin lucifer the “2000s bull cycle, prices could perchance determination arsenic precocious arsenic $7,000 per ounce. BofA’s concern strategist, Michael Hartnett, views golden arsenic a “top commercialized for 2026,” with an expected instrumentality of astir 10%.

In this context, BofA reviewed which North American golden mining companies could payment the astir from golden prices moving further up. The investigation showed that Kinross Gold Corporation (NYSE:KGC) is among the mining companies with the strongest wide leverage, with some its EBITDA and its nett plus worth (NAV) being highly delicate to a 10% summation successful golden prices.

Kinross Gold Corporation (NYSE:KGC) is simply a elder golden mining institution with operations and projects successful the US, Brazil, Mauritania, Chile, and Canada.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.