10 Best Performing Canadian Stocks in 2025

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1. Kinross Gold Corporation (NYSE:KGC)

1-Year Returns: 122.29%

Number of Hedge Fund Holders: 41

Kinross Gold Corporation (NYSE:KGC) is one of Canada’s most prominent gold mining companies. Its operations include the acquisition, exploration, and development of gold assets in the United States, Brazil, Chile, Canada, and Mauritania.

On January 27, BofA raised Kinross Gold Corporation (NYSE:KGC) from Underperform to Buy, raising the price target to $12.75 from $9.25. The firm has drastically increased its expectations for 2026 EPS and output to 2 million gold equivalent ounces, citing Kinross Gold’s strong position entering Q4 2024 results and potential catalysts in 2025.

Kinross Gold Corporation (NYSE:KGC) recently released its fourth quarter and full-year profits for 2024, which were mainly favorable due to the company’s excellent financial position. In addition to successfully repaying $800 million in debt, Kinross Gold Corporation (NYSE:KGC) achieved a record free cash flow of over $1.3 billion and net profitability of $948.8 million for the year, a considerable rise over the previous year. According to the company’s records, it generated 2.13 million gold equivalent ounces during the last year.

While we acknowledge the potential of KGC, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than KGC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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