Kinross Gold initiated with a Buy at UBS

UBS initiated coverage of Kinross Gold (KGC) with a Buy rating and $20 price target The firm is constructive on gold, expecting prices to remain elevated at $3,500 per ounce in 2026. Kinross offers attractive value versus its senior gold peers and its accelerating cash returns will drive a further re-rating of the shares, the analyst tells investors in a research note.