Kinross Gold
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. The last earnings update was 33 days ago. More info.
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K Share Price and Events
7 Day Returns
1 Year Returns
K Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Kinross Gold (K) | -1.6% | -3.5% | 7% | -7.5% | 7.3% | -13.1% |
| CA Metals and Mining | 0.1% | 1.5% | 10.1% | -7.9% | 5.7% | -23.5% |
| CA Market | 0.7% | 1.6% | 11.5% | -0.1% | 15.4% | 5% |
1 Year Return vs Industry and Market
- K underperformed the Market in Canada which returned -0.1% over the past year.
K Value
Is Kinross Gold undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Kinross Gold
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kinross Gold.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10% |
| Perpetual Growth Rate | 10-Year CA Government Bond Rate | 1.9% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CA Govt Bond Rate | 1.9% |
| Equity Risk Premium | S&P Global | 6% |
| Metals and Mining Unlevered Beta | Simply Wall St/ S&P Global | 1.17 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.17 (1 + (1- 26.5%) (41.8%)) |
1.355 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.35 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.355 * 5.96%) |
10.02% |
Discounted Cash Flow Calculation for TSX:K using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kinross Gold is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.02%) |
|
|---|---|---|---|
| 2019 | -99.53 | Analyst x6 | -90.47 |
| 2020 | 410.80 | Analyst x5 | 339.37 |
| 2021 | 568.16 | Analyst x5 | 426.61 |
| 2022 | 352.00 | Analyst x1 | 240.23 |
| 2023 | 355.00 | Analyst x1 | 220.21 |
| 2024 | 334.44 | Est @ -5.79% | 188.56 |
| 2025 | 322.84 | Est @ -3.47% | 165.44 |
| 2026 | 316.89 | Est @ -1.84% | 147.60 |
| 2027 | 314.65 | Est @ -0.71% | 133.20 |
| 2028 | 314.93 | Est @ 0.09% | 121.18 |
| Present value of next 10 years cash flows | $1,891.94 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $314.93 × (1 + 1.95%) ÷ (10.02% – 1.95%) |
$3,976.13 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $3,976.13 ÷ (1 + 10.02%)10 |
$1,529.95 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,891.94 + $1,529.95 |
$3,421.89 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,421.89 / 1,250.31 |
$2.74 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | USD/CAD
(Reporting currency to currency of TSX:K) |
1.334 |
| Value per Share (CAD) |
= Value per Share in USD x Exchange Rate (USD/CAD)
= $2.74 x 1.334 |
CA$3.65 |
| Value per share (CAD) | From above. | CA$3.65 |
| Current discount | Discount to share price of
CA$4.43
= -1 x (CA$4.43 - CA$3.65) / CA$3.65 |
-21.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Kinross Gold is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Kinross Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Kinross Gold's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $-0.02 |
| TSX:K Share Price ** | TSX (2019-03-18) in CAD | CA$4.43 |
| TSX:K Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.749 | $3.32 |
| Canada Metals and Mining Industry PE Ratio | Median Figure of 115 Publicly-Listed Metals and Mining Companies | 13.41x |
| Canada Market PE Ratio | Median Figure of 542 Publicly-Listed Companies | 14.84x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kinross Gold.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSX:K Share Price ÷ EPS (both in USD) = 3.32 ÷ -0.02 |
-175.77x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kinross Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
- Kinross Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does
Kinross Gold's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -175.77x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
53.6%per year |
| Canada Metals and Mining Industry PEG Ratio | Median Figure of 35 Publicly-Listed Metals and Mining Companies | 0.69x |
| Canada Market PEG Ratio | Median Figure of 251 Publicly-Listed Companies | 1.2x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Kinross Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Kinross Gold's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $3.60 |
| TSX:K Share Price * | TSX (2019-03-18) in CAD | CA$4.43 |
| TSX:K Share Price converted to USD reporting currency | Exchange rate (CAD/ USD) 0.749 | $3.32 |
| Canada Metals and Mining Industry PB Ratio | Median Figure of 1,081 Publicly-Listed Metals and Mining Companies | 1.45x |
| Canada Market PB Ratio | Median Figure of 2,348 Publicly-Listed Companies | 1.57x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSX:K Share Price ÷ Book Value per Share (both in USD) = 3.32 ÷ 3.60 |
0.92x |
* Primary Listing of Kinross Gold.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Kinross Gold is good value based on assets compared to the CA Metals and Mining industry average.
Value checks
We assess Kinross Gold's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check) Kinross Gold has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
K Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Kinross Gold's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
- Kinross Gold's earnings growth is expected to exceed the Canada market average.
- Kinross Gold's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| TSX:K Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 53.6% |
| TSX:K Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | -0.7% |
| Canada Metals and Mining Industry Earnings Growth Rate | Market Cap Weighted Average | 33.7% |
| Canada Metals and Mining Industry Revenue Growth Rate | Market Cap Weighted Average | 6.9% |
| Canada Market Earnings Growth Rate | Market Cap Weighted Average | 17.9% |
| Canada Market Revenue Growth Rate | Market Cap Weighted Average | 6.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,856 | 883 | 1 | |
| 2022-12-31 | 2,905 | 1,140 | 1 | |
| 2021-12-31 | 3,348 | 1,080 | 174 | 5 |
| 2020-12-31 | 3,214 | 1,035 | 143 | 11 |
| 2019-12-31 | 3,256 | 972 | 109 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,213 | 789 | -24 |
| 2018-09-30 | 3,236 | 972 | 222 |
| 2018-06-30 | 3,311 | 1,042 | 386 |
| 2018-03-31 | 3,404 | 1,037 | 417 |
| 2017-12-31 | 3,303 | 952 | 445 |
| 2017-09-30 | 3,396 | 888 | 111 |
| 2017-06-30 | 3,478 | 956 | 54 |
| 2017-03-31 | 3,486 | 1,093 | -4 |
| 2016-12-31 | 3,472 | 1,099 | -104 |
| 2016-09-30 | 3,275 | 979 | -829 |
| 2016-06-30 | 3,175 | 945 | -885 |
| 2016-03-31 | 3,053 | 796 | -943 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from Kinross Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 0.14 | 0.18 | 0.08 | 3.00 |
| 2020-12-31 | 0.10 | 0.12 | 0.07 | 5.00 |
| 2019-12-31 | 0.08 | 0.12 | 0.04 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | -0.02 |
| 2018-09-30 | 0.18 |
| 2018-06-30 | 0.31 |
| 2018-03-31 | 0.33 |
| 2017-12-31 | 0.36 |
| 2017-09-30 | 0.09 |
| 2017-06-30 | 0.04 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | -0.08 |
| 2016-09-30 | -0.69 |
| 2016-06-30 | -0.75 |
| 2016-03-31 | -0.82 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Kinross Gold's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Kinross Gold has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
K Past Performance
How has Kinross Gold performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Kinross Gold does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare Kinross Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Kinross Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
All data from Kinross Gold Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 3,212.60 | -23.60 | 242.20 | |
| 2018-09-30 | 3,236.40 | 221.70 | 244.80 | |
| 2018-06-30 | 3,310.50 | 386.20 | 235.80 | |
| 2018-03-31 | 3,404.10 | 416.90 | 238.60 | |
| 2017-12-31 | 3,303.00 | 445.40 | 238.60 | |
| 2017-09-30 | 3,395.50 | 111.30 | 229.90 | |
| 2017-06-30 | 3,477.70 | 53.70 | 241.90 | |
| 2017-03-31 | 3,485.50 | -4.40 | 239.20 | |
| 2016-12-31 | 3,472.00 | -104.00 | 238.00 | |
| 2016-09-30 | 3,275.40 | -829.40 | 256.10 | |
| 2016-06-30 | 3,174.60 | -884.60 | 260.50 | |
| 2016-03-31 | 3,053.40 | -942.80 | 280.60 | |
| 2015-12-31 | 3,052.20 | -984.50 | 287.40 | |
| 2015-09-30 | 3,137.30 | -1,616.10 | 287.50 | |
| 2015-06-30 | 3,273.60 | -1,567.70 | 279.40 | |
| 2015-03-31 | 3,430.30 | -1,438.50 | 280.30 | |
| 2014-12-31 | 3,466.30 | -1,400.00 | 284.40 | |
| 2014-09-30 | 3,552.10 | -666.50 | 285.50 | |
| 2014-06-30 | 3,482.70 | -615.30 | 301.20 | |
| 2014-03-31 | 3,538.80 | -3,143.20 | 311.60 | |
| 2013-12-31 | 3,779.50 | -3,012.60 | 323.70 | |
| 2013-09-30 | 4,089.30 | -5,257.50 | 303.20 | |
| 2013-06-30 | 4,322.70 | -5,078.20 | 346.70 | |
| 2013-03-31 | 4,360.30 | -2,483.40 | 357.80 | |
| 2012-12-31 | 4,307.30 | -2,546.20 | 378.00 | |
| 2012-09-30 | 4,040.20 | -2,352.30 | 391.40 | |
| 2012-06-30 | 3,971.50 | -2,371.40 | 257.40 | |
| 2012-03-31 | 3,929.50 | -2,240.00 | 227.10 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Kinross Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- Kinross Gold used its assets less efficiently than the CA Metals and Mining industry average last year based on Return on Assets.
- It is difficult to establish if Kinross Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Kinross Gold's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Kinross Gold has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
K Health
How is Kinross Gold's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Kinross Gold's finances.
The net worth of a company is the difference between its assets and liabilities.
- Kinross Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Kinross Gold's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Kinross Gold Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,527.30 | 1,735.00 | 357.50 |
| 2018-09-30 | 4,577.40 | 1,734.40 | 566.00 |
| 2018-06-30 | 4,649.20 | 1,733.80 | 969.40 |
| 2018-03-31 | 4,702.90 | 1,733.20 | 1,009.50 |
| 2017-12-31 | 4,619.20 | 1,732.60 | 1,036.90 |
| 2017-09-30 | 4,416.30 | 1,732.00 | 1,049.70 |
| 2017-06-30 | 4,361.00 | 1,734.50 | 1,117.70 |
| 2017-03-31 | 4,336.70 | 1,733.80 | 832.40 |
| 2016-12-31 | 4,184.30 | 1,733.20 | 838.40 |
| 2016-09-30 | 4,329.60 | 1,732.50 | 841.70 |
| 2016-06-30 | 4,311.20 | 1,983.00 | 1,013.90 |
| 2016-03-31 | 4,234.80 | 1,982.20 | 759.10 |
| 2015-12-31 | 3,933.20 | 1,981.40 | 1,055.70 |
| 2015-09-30 | 4,756.10 | 1,980.60 | 1,116.00 |
| 2015-06-30 | 4,818.60 | 2,030.30 | 1,118.00 |
| 2015-03-31 | 4,869.60 | 2,029.60 | 1,045.10 |
| 2014-12-31 | 4,891.80 | 2,058.10 | 1,019.80 |
| 2014-09-30 | 6,166.90 | 2,058.10 | 978.10 |
| 2014-06-30 | 6,211.20 | 2,087.80 | 824.50 |
| 2014-03-31 | 6,140.90 | 2,092.20 | 746.10 |
| 2013-12-31 | 6,089.90 | 2,122.50 | 784.20 |
| 2013-09-30 | 6,833.80 | 2,121.30 | 1,079.80 |
| 2013-06-30 | 6,763.10 | 2,147.40 | 1,163.10 |
| 2013-03-31 | 10,012.00 | 2,156.50 | 1,420.80 |
| 2012-12-31 | 9,925.70 | 2,635.30 | 2,002.70 |
| 2012-09-30 | 12,912.50 | 2,629.50 | 2,089.30 |
| 2012-06-30 | 12,714.10 | 1,623.60 | 1,340.30 |
| 2012-03-31 | 12,579.40 | 1,617.80 | 1,487.00 |
- Kinross Gold's level of debt (38.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (34.8% vs 38.3% today).
Financial health checks
We assess Kinross Gold's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Kinross Gold has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
K Dividends
What is Kinross Gold's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
CA$2,000 of
Kinross Gold
shares you are expected to receive
CA$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Kinross Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Kinross Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Canada Metals and Mining Industry Average Dividend Yield | Market Cap Weighted Average of 28 Stocks | 1.2% |
| Canada Market Average Dividend Yield | Market Cap Weighted Average of 331 Stocks | 3.6% |
| Canada Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Canada Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Canada Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.00 | 4.00 |
| 2019-12-31 | 0.00 | 4.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2015-02-10 | 0.000 | 0.000 |
| 2015-01-15 | 0.000 | 0.000 |
| 2014-11-05 | 0.000 | 0.000 |
| 2014-07-30 | 0.000 | 0.000 |
| 2014-05-07 | 0.000 | 0.000 |
| 2014-04-07 | 0.000 | 0.000 |
| 2014-02-12 | 0.000 | 0.000 |
| 2013-11-13 | 0.000 | 0.000 |
| 2013-07-31 | 0.160 | 3.083 |
| 2013-02-13 | 0.160 | 2.663 |
| 2012-08-08 | 0.160 | 1.702 |
| 2012-02-15 | 0.160 | 1.801 |
| 2011-08-10 | 0.120 | 0.888 |
| 2011-02-16 | 0.100 | 0.636 |
| 2010-08-04 | 0.100 | 0.571 |
| 2010-02-18 | 0.100 | 0.571 |
| 2009-08-12 | 0.100 | 0.510 |
| 2009-03-19 | 0.080 | 0.452 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Kinross Gold has not reported any payouts.
- Unable to verify if Kinross Gold's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Kinross Gold's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Kinross Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Kinross Gold has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
K Management
CEO
| COMPENSATION | $7,343,251 |
| AGE | 56 |
| TENURE AS CEO | 6.6 years |
CEO Bio
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 Executive Vice-President, Corporate Development in September 2009 after having joined Kinross as Executive Vice-President, New Investments, in September 2008. Prior to joining Kinross, Mr. Rollinson had a long career in investment banking spanning 17 years. From June 2001 to September 2008, he worked at Scotia Capital (“Scotia”) where his final position was Deputy Head of Investment Banking. During his time with Scotia, he was responsible for the mining, power/utilities, forestry and industrial sectors. From April 1988 to June 2001 he worked for Deutsche Bank AG, where his final position was Managing Director/Head of Americas for the mining group, and before that, from 1994 to April 1998 he was a senior Member of the mining team at BMO Nesbitt Burns. Mr. Rollinson has an Honours Bachelor of Science Degree in Geology from Laurentian University and a Master of Engineering in Mining from McGill University.
CEO Compensation
- J.'s compensation has increased whilst company is loss making.
- J.'s remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure
Average tenure and age of the Kinross Gold management team in years:
- The tenure for the Kinross Gold management team is about average.
Management Team
J. Rollinson
President
$7M
56
6.6 yrs
Tony Giardini
Executive VP & CFO
$3M
58
6.3 yrs
Lauren Roberts
Senior VP & COO
$2M
2.2 yrs
Paul Botond Tomory
Senior VP & CTO
$2M
2.2 yrs
Geoff Gold
Executive VP of Corporate Development & External Relations and Chief Legal Officer
$3M
11.1 yrs
Tom Elliott
Senior Vice President of Investor Relations & Corporate Development
3.2 yrs
Gina Jardine
Senior Vice President of Human Resources
$2M
3.9 yrs
Greg Etter
Senior Vice-President of Legal
59
Kathleen Grandy
Corporate Secretary
Board of Directors Tenure
Average tenure and age of the Kinross Gold board of directors in years:
- The tenure for the Kinross Gold board of directors is about average.
Board of Directors
Catherine McLeod-Seltzer
Chairman
$213K
58
0.2 yrs
J. Rollinson
President
$7M
56
6.6 yrs
John Brough
Corporate Director
$238K
71
25.2 yrs
Ave Lethbridge
Corporate Director
$195K
56
3.8 yrs
Kelly Osborne
Corporate Director
$201K
61
3.8 yrs
Ian Atkinson
Corporate Director
$201K
68
3.1 yrs
John Oliver
Director
$355K
69
24 yrs
Una Power
Corporate Director
$205K
53
5.9 yrs
Kerry Dyte
Corporate Director
$36K
58
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CA$) | Value (CA$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 07. Mar 19 | Sell | Claude J. Schimper | Individual | 06. Mar 19 | 06. Mar 19 | -62,000 | CA$3.24 | CA$-201,104 | ||
| 22. Feb 19 | Sell | Michel Sylvestre | Individual | 20. Feb 19 | 20. Feb 19 | -12,109 | CA$3.79 | CA$-45,930 | ||
| 01. Mar 19 | Sell | Gregory Van Etter | Individual | 01. Mar 19 | 01. Mar 19 | -60,715 | CA$3.36 | CA$-204,002 | ||
| 20. Feb 19 | Sell | Michiel Van Akkooi | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Gina Jardine | Individual | 19. Feb 19 | 19. Feb 19 | -7 | CA$3.66 | CA$-26 | ||
| 20. Feb 19 | Sell | Michel Sylvestre | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | John Sims | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Lauren Roberts | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Paul Botond Tomory | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Gregory Van Etter | Individual | 19. Feb 19 | 19. Feb 19 | -1,055 | CA$3.66 | CA$-3,693 | ||
| 20. Feb 19 | Sell | J. Rollinson | Individual | 19. Feb 19 | 19. Feb 19 | -7 | CA$3.66 | CA$-26 | ||
| 20. Feb 19 | Sell | Thomas Elliott | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Nathan Longenecker | Individual | 19. Feb 19 | 19. Feb 19 | -7 | CA$3.66 | CA$-26 | ||
| 20. Feb 19 | Sell | Claude J. Schimper | Individual | 19. Feb 19 | 19. Feb 19 | -6 | CA$3.66 | CA$-22 | ||
| 20. Feb 19 | Sell | Geoffrey Gold | Individual | 19. Feb 19 | 19. Feb 19 | -8,425 | CA$3.66 | CA$-30,823 | ||
| 20. Feb 19 | Sell | Tony Giardini | Individual | 19. Feb 19 | 19. Feb 19 | -7 | CA$3.66 | CA$-26 | ||
| 02. Oct 18 | Sell | Gregory Van Etter | Individual | 01. Oct 18 | 01. Oct 18 | -1,444 | CA$2.70 | CA$-3,899 | ||
| 09. Aug 18 | Sell | Claude J. Schimper | Individual | 08. Aug 18 | 08. Aug 18 | -14,535 | CA$3.29 | CA$-47,834 | ||
| 03. Jul 18 | Sell | Gregory Van Etter | Individual | 02. Jul 18 | 02. Jul 18 | -1,344 | CA$2.81 | CA$-3,773 | ||
| 29. Jun 18 | Sell | John Sims | Individual | 28. Jun 18 | 28. Jun 18 | -16,119 | CA$3.67 | CA$-59,126 | ||
| 27. Jun 18 | Sell | Claude J. Schimper | Individual | 22. Jun 18 | 22. Jun 18 | -11,864 | CA$3.76 | CA$-44,585 | ||
| 18. Jun 18 | Sell | Gregory Van Etter | Individual | 18. Jun 18 | 18. Jun 18 | -105,599 | CA$2.79 | CA$-294,882 | ||
| 11. Jun 18 | Sell | Bobby Musgrove | Individual | 07. Jun 18 | 08. Jun 18 | -18,788 | CA$2.76 | CA$-51,460 | ||
| 03. Apr 18 | Sell | Gregory Van Etter | Individual | 02. Apr 18 | 02. Apr 18 | -1,332 | CA$3.97 | CA$-5,288 | ||
| 29. Mar 18 | Sell | Gregory Van Etter | Individual | 28. Mar 18 | 28. Mar 18 | -80,567 | CA$3.91 | CA$-315,017 | ||
Management checks
We assess Kinross Gold's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Kinross Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
K News
Simply Wall St News
What Kind Of Shareholder Appears On The Kinross Gold Corporation's (TSE:K) Shareholder Register?
We'd expect to see institutional investors on the register. … Companies of this size are usually well known to retail investors, too. … institutional investors have bought into the company.
Simply Wall St - – Full articleHow Do Kinross Gold Corporation’s (TSE:K) Returns On Capital Compare To Peers?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:
Simply Wall St - – Full articleShould You Be Concerned About Kinross Gold Corporation's (TSE:K) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every CA$1 worth of equity in the company, it was able to earn CA$0.048. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleKinross Gold Corporation (TSE:K): Is Growth Priced In?
Kinross Gold Corporation (TSE:K) is considered a high-growth stock, but its last closing price of CA$3.8 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for Kinross Gold? … The excitement around Kinross Gold's growth potential is not unfounded
Simply Wall St - – Full articleDoes Kinross Gold Corporation's (TSE:K) CEO Salary Reflect Performance?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Rollinson's Compensation Compare With Similar Sized Companies. … According to our data, Kinross Gold Corporation has a market capitalization of CA$4.5b, and pays its CEO total annual compensation worth US$7.3m.
Simply Wall St - – Full articleKinross Gold Corporation (TSE:K): Financial Strength Analysis
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Kinross Gold Corporation (TSE:K), with a market capitalization of CA$4.5b, rarely draw their attention from the investing community. … K’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleEstimating The Fair Value Of Kinross Gold Corporation (TSE:K)
by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you are reading this and its not October 2018 then I highly recommend you check out the latest calculation for Kinross Gold by following the link below
Simply Wall St - – Full articleAre Insiders Pessimistic About Kinross Gold Corporation (TSE:K) Stock?
Kinross Gold's insiders have divested from. … Generally, insiders selling shares in their own firm sends a bearish signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market
Simply Wall St - – Full articleWith An ROE Of 8.82%, Can Kinross Gold Corporation (TSE:K) Catch Up To The Industry?
and want to begin learning the link between Kinross Gold Corporation (TSE:K)’s return fundamentals and stock market performance. … With an ROE of 8.82%, Kinross Gold Corporation (TSE:K) returned in-line to its own industry which delivered 11.25% over the past year. … But what is more interesting is whether K can sustain or improve on this level of return.
Simply Wall St - – Full articleDoes Kinross Gold Corporation's (TSE:K) PE Ratio Warrant A Buy?
Kinross Gold Corporation (TSX:K) trades with a trailing P/E of 10.7x, which is lower than the industry average of 10.9x. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for K Price per share = $3.57 Earnings per share = $0.334 ∴ Price-Earnings Ratio = $3.57 ÷ $0.334 = 10.7x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … At 10.7x, K’s P/E is lower than its industry peers (10.9x).
Simply Wall St - – Full articleK Company Info
Description
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. It is also involved in the reclamation of gold mining properties; and production and sale of silver. As of December 31, 2018, its proven and probable mineral reserves included approximately 25.5 million ounces of gold, as well as 53.9 million ounces of silver. The company was founded in 1993 and is headquartered in Toronto, Canada.
Details
| Name: | Kinross Gold Corporation |
| K | |
| Exchange: | TSX |
| Founded: | 1993 |
| CA$5,538,877,530 | |
| 1,250,310,955 | |
| Website: | http://www.kinross.com |
| Address: |
Kinross Gold Corporation 25 York Street, 17th Floor, Toronto, Ontario, M5J 2V5, Canada |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSX | K | Common Shares | The Toronto Stock Exchange | CA | CAD | 03. Jun 1993 | |
| NYSE | KGC | Common Shares | New York Stock Exchange | US | USD | 03. Jun 1993 | |
| DB | KIN2 | Common Shares | Deutsche Boerse AG | DE | EUR | 03. Jun 1993 | |
| XTRA | KIN2 | Common Shares | XETRA Trading Platform | DE | EUR | 03. Jun 1993 | |
| LSE | 0R2D | Common Shares | London Stock Exchange | GB | CAD | 03. Jun 1993 | |
| SWX | KG | Common Shares | SIX Swiss Exchange | CH | CHF | 03. Jun 1993 |
Number of employees
Current staff
Industry
| Gold | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:53 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/16 |
| Last earnings filing: | 2019/02/13 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
