Kinross Gold Corporation (NYSE:KGC) is one of the 8 Hidden Multibagger Stocks to Buy Now.
On June 30, UBS analyst Daniel Major lowered the firm’s price target on Kinross Gold Corporation (NYSE:KGC) from $38 to $30 and maintained a Buy rating
The firm’s downward-adjusted price target suggests an additional 27% upside from here on. This upside is equal to the lowest Wall Street analysts’ upside estimate, based on 21 analysts covering the stock. Moreover, the median Wall Street price target of $41.88 implies a further 78% upside from current levels.
In addition to UBS, RBC Capital shared similar sentiments on June 3. The firm cut its price target on the stock from $45 to $40 while keeping a Buy rating. However, its revised price target is still attractive to investors as compared to that of UBS.