CIBC analyst Anita Soni raised the firm’s price target on Kinross Gold (KGC) to $16 from $14 and keeps an Outperformer rating on the shares after updating the model for the company’s strong Q1/25 results. Notably, the firm has increased its NAV target multiple to 1.6 times from 1.4 times to reflect the consistent operational performance. Additionally, CIBC is increasing its CFPS target multiple to 8.0-times from 7.0-times to reflect the strength in the gold price. With Kinross’ strong first quarter, near-term optionality to add ounces, and announcing its renewed share buyback program, the stock remains one of the firm’s top picks among the senior golds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KGC:
- Kinross Gold (KGC) Declares Q2 Dividend: Important Details for Shareholders
- Kinross Gold Reports Strong Shareholder Support at Annual Meeting
- Kinross Gold Announces Successful Board Elections and Shareholder Meeting Results
- Kinross Gold price target raised to $17 from $16 at Scotiabank
- Kinross Gold Reports Strong Q1 2025 Earnings
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue