BofA Updates Kinross Gold (KGC) Estimates, Lifts Price Target

Kinross Gold Corporation (NYSE:KGC) is included among the 10 Best Canadian Dividend Stocks to Buy for the Next 5 Years.

On June 1, BofA raised its price recommendation on Kinross Gold Corporation (NYSE:KGC) to $46 from $43.50. It reiterated a Buy rating on the stock. The move came after the firm updated its estimates.

Earlier, on May 18, Freedom Broker upgraded Kinross Gold to Buy from Hold. It also lifted its price target to $38 from $13.50. The analyst described the company's first-quarter results as a "clean, high-quality beat" in a research note. The firm also said that Great Bear is the "most important unpriced option" in Kinross' portfolio.

During the company's first-quarter 2026 earnings call, CEO J. Paul Rollinson said Kinross delivered another strong quarter, generating record free cash flow of approximately $840 million. He noted that this was the company's fourth consecutive quarter of record free cash flow. Rollinson said strong operational execution and disciplined cost management helped Kinross achieve record margins that continued to outpace the increase in gold prices, demonstrating the company's ability to keep costs under control.

Rollinson also said Kinross h

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/bofa-updates-kinross-gold-kgc-054548937.html)