Executive Summary
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Snowflake
Fundamentals
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has Kinross Gold's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.0%
K
0.5%
CA Metals and Mining
0.2%
CA Market
1 Year Return
67.0%
K
15.0%
CA Metals and Mining
3.5%
CA Market
Return vs Industry: K exceeded the Canadian Metals and Mining industry which returned 15% over the past year.
Return vs Market: K exceeded the Canadian Market which returned 3.5% over the past year.
Shareholder returns
| K | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 0.5% | 0.2% |
| 30 Day | -15.1% | -8.9% | -3.3% |
| 90 Day | 9.6% | -8.0% | -1.9% |
| 1 Year | 67.0%67.0% | 15.9%15.0% | 7.3%3.5% |
| 3 Year | 19.2%19.2% | -11.6%-13.2% | 14.7%4.4% |
| 5 Year | 103.0%103.0% | 15.4%11.6% | 26.2%7.7% |
Price Volatility Vs. Market
How volatile is Kinross Gold's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
These 4 Measures Indicate That Kinross Gold (TSE:K) Is Using Debt Extensively1 month ago | Simply Wall St
Should You Care About Kinross Gold Corporation’s (TSE:K) Investment Potential?1 month ago | Simply Wall St
Is Kinross Gold Corporation's (TSE:K) 0.04% ROE Worse Than Average?Valuation
Is Kinross Gold undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: K (CA$6.03) is trading below our estimate of fair value (CA$16.75)
Significantly Below Fair Value: K is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: K is poor value based on its PE Ratio (1405.7x) compared to the Metals and Mining industry average (13.4x).
PE vs Market: K is poor value based on its PE Ratio (1405.7x) compared to the Canadian market (13.7x).
Price to Earnings Growth Ratio
PEG Ratio: K is poor value based on its PEG Ratio (35.6x)
Price to Book Ratio
PB vs Industry: K is good value based on its PB Ratio (1.2x) compared to the CA Metals and Mining industry average (1.3x).
Next Steps
Future Growth
How is Kinross Gold forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
39.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: K's forecast earnings growth (39.5% per year) is above the savings rate (1.9%).
Earnings vs Market: K's earnings (39.5% per year) are forecast to grow faster than the Canadian market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: K's revenue (3% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: K's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: K's Return on Equity is forecast to be low in 3 years time (6.3%).
Next Steps
Past Performance
How has Kinross Gold performed over the past 5 years?
57.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: K has become profitable over the past 5 years, growing earnings by 57.8% per year.
Accelerating Growth: K's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: K had negative earnings growth (-98.9%) over the past year, making it difficult to compare to the Metals and Mining industry average (-11.9%).
Return on Equity
High ROE: K's Return on Equity (0.04%) is considered low.
Return on Assets
ROA vs Industry: K's Return on Assets is below or equal to the Metals and Mining industry average last year.
Return on Capital Employed
ROCE Improving: K's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Kinross Gold's financial position?
Financial Position Analysis
Short Term Liabilities: K's short term assets ($1.7B) exceeds its short term liabilities ($576.5M)
Long Term Liabilities: K's short term assets (1.7B) do not cover its long term liabilities (3.1B)
Debt to Equity History and Analysis
Debt Level: K's debt to equity ratio (40.1%) is considered high
Reducing Debt: K's debt to equity ratio has increased from 33.6% to 40.1% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (47.3%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
Inventory Level: K has a high level of physical assets or inventory.
Debt Coverage by Assets: K's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Kinross Gold's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate K's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate K's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if K's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if K's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: K is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of K's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Kinross Gold's salary, the management and board of directors tenure and is there insider trading?
0.5yrs
Average management tenure
CEO
J. Rollinson (57yo)
7.2yrs
Tenure
US$6,157,108
Compensation
Mr. J. Paul Rollinson has served as Chief Executive Officer and Director of Kinross Gold Corporation since August 1, 2012. Mr. Rollinson serves as President of Kinross Gold Corporation. He was appointed Ex ...
CEO Compensation Analysis
Compensation vs. Market: J.'s total compensation ($USD6.16M) is about average for companies of similar size in the Canadian market ($USD3.93M).
Compensation vs Earnings: J.'s compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.5yrs
Average Tenure
Experienced Management: K's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Age and Tenure
4.0yrs
Average Tenure
59yo
Average Age
Experienced Board: K's board of directors are considered experienced (4 years average tenure).
Insider Trading
Insider Buying: K insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,757 |
| Max Price | US$6.13 |
| Entity | Individual |
| Shares | 18,182 |
| Max Price | US$6.49 |
| Entity | Individual |
| Role | Chief Technology Officer Executive VP & CTO |
| Shares | 20,000 |
| Max Price | US$6.79 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$7.00 |
| Entity | Individual |
| Shares | 10,636 |
| Max Price | US$6.30 |
| Entity | Individual |
| Role | Chief Technology Officer Executive VP & CTO |
| Shares | 20,000 |
| Max Price | US$6.79 |
| Entity | Individual |
| Role | Head of Investor Relations Senior Vice President of Investor Relations & Corporate Development |
| Shares | 47,406 |
| Max Price | US$6.80 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice-President of Russia Operations |
| Shares | 13,452 |
| Max Price | US$4.74 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice-President of Geology & Brownfields Exploration |
| Shares | 22,033 |
| Max Price | US$6.73 |
| Entity | Individual |
| Shares | 1,786 |
| Max Price | US$6.26 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Legal & General Counsel |
| Shares | 20,826 |
| Max Price | US$6.40 |
| Entity | Individual |
| Shares | 5,500 |
| Max Price | US$4.57 |
| Entity | Individual |
| Shares | 2,120 |
| Max Price | US$4.62 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice-President of Russia Operations |
| Shares | 62,000 |
| Max Price | US$4.36 |
| Entity | Individual |
| Shares | 60,715 |
| Max Price | US$4.46 |
| Entity | Individual |
| Shares | 12,109 |
| Max Price | US$4.99 |
| Entity | Individual |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 7 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 1,055 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Chief Technology Officer Executive VP & CTO |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 7 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice-President of Russia Operations |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP of Corporate Development & External Relations and Chief Legal Officer |
| Shares | 8,425 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Senior Key Executive Senior VP of Legal & General Counsel |
| Shares | 7 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Head of Investor Relations Senior Vice President of Investor Relations & Corporate Development |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 7 |
| Max Price | US$4.85 |
| Entity | Individual |
| Role | Senior Key Executive Senior Vice-President of Geology & Brownfields Exploration |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 6 |
| Max Price | US$4.85 |
| Entity | Individual |
| Shares | 49,959 |
| Max Price | US$4.63 |
Ownership Breakdown
Management Team
Greg Etter (60yo)
Senior Vice-President of Legal
- Tenure: 0yrs
Geoff Gold
Executive VP of Corporate Development & External Relations and Chief Legal Officer
- Tenure: 11.7yrs
- Compensation: US$2.68m
Claude J. Schimper
Senior Vice-President of Russia Operations
- Tenure: 0.5yrs
Nathan Longenecker
Senior VP of Legal & General Counsel
- Tenure: 0.5yrs
Tom Elliott
Senior Vice President of Investor Relations & Corporate Development
- Tenure: 3.8yrs
J. Rollinson (57yo)
President
- Tenure: 7.2yrs
- Compensation: US$6.16m
Andrea Freeborough
Senior VP & CFO
- Tenure: 0.4yrs
Paul Botond Tomory
Executive VP & CTO
- Tenure: 2.8yrs
- Compensation: US$1.51m
John Sims
Senior Vice-President of Geology & Brownfields Exploration
- Tenure: 0.5yrs
Andreas Mittler
Senior Vice-President of West Africa Operations
- Tenure: 0.5yrs
Board Members
Ian Atkinson (69yo)
Independent Director
- Tenure: 3.7yrs
- Compensation: US$222.65k
Catherine McLeod-Seltzer (59yo)
Independent Chairman
- Tenure: 0.8yrs
- Compensation: US$209.82k
John Brough (72yo)
Independent Director
- Tenure: 25.8yrs
- Compensation: US$225.03k
Kerry Dyte (59yo)
Independent Director
- Tenure: 1.9yrs
- Compensation: US$208.91k
Ave Lethbridge (57yo)
Independent Director
- Tenure: 4.4yrs
- Compensation: US$205.85k
J. Rollinson (57yo)
President
- Tenure: 7.2yrs
- Compensation: US$6.16m
Kelly Osborne (62yo)
Corporate Director
- Tenure: 4.4yrs
- Compensation: US$211.65k
David Scott (57yo)
Independent Director
- Tenure: 0.4yrs
Company Information
Kinross Gold Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kinross Gold Corporation
- Ticker: K
- Exchange: TSX
- Founded: 1993
- Industry: Gold
- Sector: Materials
- Market Cap: CA$7.552b
- Shares outstanding: 1.25b
- Website: https://www.kinross.com
Number of Employees
Location
- Kinross Gold Corporation
- 25 York Street
- 17th Floor
- Toronto
- Ontario
- M5J 2V5
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KGC | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jun 1993 |
| K | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jun 1993 |
| KIN2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jun 1993 |
| KIN2 | XTRA (XETRA Trading Platform) | Yes | Common Shares | DE | EUR | Jun 1993 |
| KG | SWX (SIX Swiss Exchange) | Yes | Common Shares | CH | CHF | Jun 1993 |
| 0R2D | LSE (London Stock Exchange) | Yes | Common Shares | GB | CAD | Jun 1993 |
Biography
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 23:57 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.