We recently published an article titled 11 Best Canadian Growth Stocks to Buy According to Hedge Funds.
On February 10, Stifel analyst Ralph Profiti raised his price target on Kinross Gold Corporation (NYSE:KGC) to C$65 from C$45 while maintaining a Buy rating, reflecting increased confidence in the company’s operational performance and cash flow generation amid a favorable gold price environment. The higher target signals a reassessment of Kinross’ earnings power as strong commodity pricing and disciplined cost management continue to drive margin expansion.
During its third-quarter 2025 results conference call, Kinross Gold Corporation (NYSE:KGC) reported production of 504,000 gold equivalent ounces at a cost of sales of $1,145 per ounce. With an average realized gold price of $3,458 per ounce, operating margins exceeded $2,300 per ounce, translating into record quarterly free cash flow of nearly $700 million and more than $1.7 billion year-to-date. The company increased its dividend by 17% and expanded its share repurchase program by $100 million, targeting total shareholder returns of over $750 million in 2025. These results highlight Kinross’ ability to convert higher gold prices into substantial free cash flow, reinforcing its balance sheet strength and capacity for sustained capital returns.
Founded in 1993 and headquartered in Toronto, Kinross Gold Corporation (NYSE:KGC) is a Canadian-based global gold mining company with operations spanning North America, South America, and Africa. KGC is 3rd on the list of 11 best Canadian growth stocks to buy according to hedge funds.
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