Kinross Gold shares surge 5.26% intraday as RBC raises price target to $36 and analysts maintain outperform rating.

Kinross Gold (KGC) surged 5.26% intraday following RBC Capital’s upgraded price target to $36 from $33, maintaining a Sector Perform rating, and aligning with a broader analyst consensus of "Outperform." The stock’s rally coincided with a 4.59% intraday gain reported earlier, as shares traded near a $33.68 high before settling at $33.03. Analysts’ average target of $36.12, coupled with a 9.36% implied upside, reinforced investor optimism. Additionally, the firm’s recent 220% rebound from its 52-week low and strong institutional ownership activity, including purchases by major firms like Allianz and TD Asset Management, further supported the upward momentum. While a holdings.