10 Cheap Canadian Stocks to Buy According to Analysts

8. Kinross Gold Corporation (NYSE:KGC)

Forward P/E Ratio: 12.45

Earnings Growth This Year: 26.57%

Analyst Upside Potential: 21.64%

Kinross Gold Corporation (NYSE:KGC) is a Canadian company that engages in mining Gold. The company explores, extracts, and processes gold from various locations around the world. It extracts gold from various mines including, Paracatu in Brazil, and Fort Knox in Alaska, and is also developing new projects like Manh Choh in Alaska.

In Q4 2024, Kinross Gold Corporation (NYSE:KGC) achieved a record free cash flow of $1.3 billion and generated 2.13 million gold equivalent ounces during the year. It also achieved a net profitability of $948.8 million which helped it repay $800 million in debt.

On February 13, Lawson Winder from Bank of America Securities maintained a Buy rating on the stock with a price target of $12.75. The analyst likes the stable gold production of the company, which he believes increases the potential of the company to return more capital. Moreover, the company has been able to maintain stable production guidance of 2 million gold equivalent ounces from 2025 to 2027 which subsides the concerns of potential acquisitions. It is one of the cheap Canadian stocks to buy according to analysts.