10 Best Performing Large Cap Stocks to Buy According to Analysts

3. Kinross Gold Corporation (NYSE:KGC)

1-Year Performance: 124.80%

Number of Hedge Fund Holders: 39

Analyst Upside Potential: 21.64%

Kinross Gold Corporation (NYSE:KGC) is another Canadian company that engages in gold mining. It explores, extracts, and processes gold from various locations around the world, including the United States, Brazil, Mauritania, Chile, and Canada. The company operates several mines, including Fort Knox in Alaska and Paracatu in Brazil, and is involved in developing new projects like Manh Choh in Alaska.

On February 13, Lawson Winder from Bank of America Securities maintained a Buy rating on the stock with a price target of $12.75. Winder mentioned that he likes the stable gold production of the company and also believes in the potential for increased capital returns. The analyst noted that Kinross Gold Corporation (NYSE:KGC) has maintained a stable production guidance of 2 million gold equivalent ounces annually from 2025 to 2027. This stability has overshadowed the concerns of potential acquisitions. Winder also likes the Great Bear project and believes it presents a long-term opportunity for the company.

During the fiscal fourth quarter of 2024, Kinross Gold Corporation (NYSE:KGC) successfully repaid $800 million in debt and also achieved a record free cash flow of more than $1.3 billion. It generated 2.13 million gold equivalent ounces during the year and achieved a net profitability of $948.8 million, making it one of the best-performing large-cap stocks to buy according to analysts.