Kinross Gold (KGC) Soars 21.24% in Four Days, Hits 14-Year High

Kinross Gold (KGC) surged 0.83% today, marking its fourth consecutive day of gains, with a total increase of 21.24% over the past four days. The share price reached its highest level since November 2011, with an intraday gain of 2.02%.

Kinross Gold has seen a notable surge in bullish options activity, with 8,621 call options traded, which is double the expected volume. This heightened activity is accompanied by a rise in implied volatility, indicating a growing bullish sentiment among investors.

Scotiabank has raised its price target for Kinross Gold from $13 to $16, maintaining an "Outperform" rating on the stock. This adjustment reflects positive expectations for the company's future performance and suggests that the stock has significant upside potential.

Shares of Kinross Gold have recently surpassed the average analyst 12-month target price of $13.99, trading at $14.38. This milestone indicates potential upward momentum in the stock price, as it has exceeded the consensus estimate among analysts.

Stifel Canada upgraded Kinross Gold's stock to a "strong-buy" rating in a report dated March 19, 2025. This upgrade reflects increased confidence in the company's prospects and its ability to deliver strong returns for investors.