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.
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