Persistently high gold prices could be a catalyst for shares of Kinross Gold Corp , according to UBS. UBS initiated research coverage of the gold and silver mining stock with a buy rating and a $20 per share price target. The bank’s stock evaluation implies about 23% upside over the next year from Friday’s $16.21 close. Analyst Daniel Major attributed his optimism on Kinross to a bullish view on gold prices, which he said should remain “elevated” at around $3,500 an ounce into 2026. Bullion is traditionally viewed as a safe haven asset and hedge against inflation and political risk. KGC YTD mountain Kinross Gold Corp stock in 2025. “KGC offers attractive value vs senior gold peers and we believe accelerating cash returns will drive further re-rating,” the analyst said in a report. “KGC has outperformed large cap peers AEM, NEM & ABX over the last 2-3 yrs resulting in a multiple re-rating off a lower base.” The analyst also pointed to Kinross’ debt reduction efforts and strong cash returns as other potential boons for the stock. Shares have advanced 75% so far in 2025.
