BofA raised its price target on Kinross Gold to $46 from $43.50 while reiterating a Buy rating on June 1. The move followed updated estimates. Earlier, on May 18, Freedom Broker upgraded Kinross Gold to Buy from Hold and lifted its price target to $38 from $13.50, calling first-quarter results a clean, high-quality beat and highlighting Great Bear as the most important unpriced option in the portfolio. During the first-quarter 2026 earnings call, CEO J. Paul Rollinson reported record free cash flow of approximately $840 million, the fourth consecutive quarter of record free cash flow, driven by strong operational execution and disciplined cost management. Rollinson also noted that Kinross had returned approximately $350 million to shareholders through dividends and share repurchases in 2026 to date, with more than $1 billion returned over the past 12 months and a more than 3% reduction in outstanding share count.
Kinross Gold CorporationBofA raised price target to $46, Freedom Broker upgraded to Buy, and Q1 earnings showed record free cash flow and strong shareholder returns.