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Kinross Gold CorporationNYSE:KGC Stock Report

Market Cap US$32.6b
Share Price
US$27.99
US$43.99
36.4% undervalued intrinsic discount
1Y79.3%
7D10.8%
1D
Portfolio Value
​
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Kinross Gold Corporation

NYSE:KGC Stock Report

Market Cap: US$32.6b

Kinross Gold (KGC) Stock Overview

Engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. More details

KGC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance6/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 18% below our estimate of its fair value

Earnings grew by 136.8% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 57.2%

Risk Analysis

Significant insider selling over the past 3 months


KGC Community Fair Values

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See what 66 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Kinross Gold Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Kinross Gold
Historical stock prices
Current Share PriceCA$27.99
52 Week HighCA$39.11
52 Week LowCA$14.71
Beta1.35
1 Month Change-1.37%
3 Month Change-3.32%
1 Year Change79.31%
3 Year Change503.23%
5 Year Change340.09%
Change since IPO646.39%

Recent News & Updates

Seeking Alpha • May 06

Kinross: Printing Cash Today As Its Apex Asset Advances

Summary Kinross Gold delivered solid Q1 2026 results, generating ~$838 million in free cash flow and strengthening its net cash position to ~$1.4 billion. Recent project approvals and higher gold prices have improved the miner's long-term production outlook, while the medium-term profile is smoothed ahead of the transition to Great Bear’s ramp-up in 2030. Despite rising costs in Q1 2026, Kinross reported record $3,000/oz+ AISC margins, reiterated full-year guidance, and is relatively insulated from rising fuel prices. In this update we'll dig into the Q1 results, recent developments, and how the stock's valuation stacks up vs. peers. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 06

Kinross: Printing Cash Today As Its Apex Asset Advances

Summary Kinross Gold delivered solid Q1 2026 results, generating ~$838 million in free cash flow and strengthening its net cash position to ~$1.4 billion. Recent project approvals and higher gold prices have improved the miner's long-term production outlook, while the medium-term profile is smoothed ahead of the transition to Great Bear’s ramp-up in 2030. Despite rising costs in Q1 2026, Kinross reported record $3,000/oz+ AISC margins, reiterated full-year guidance, and is relatively insulated from rising fuel prices. In this update we'll dig into the Q1 results, recent developments, and how the stock's valuation stacks up vs. peers. Read the full article on Seeking Alpha
Seeking Alpha • Mar 17

Kinross Gold: Production Growth Concerns Likely To Dictate Stock Trend Through 2025

Summary I am downgrading Kinross Gold from "Hold" to "Sell" due to a lack of production growth catalysts and limited upside in gold prices. Despite a 24% stock increase since August 2024, Kinross lacks growth drivers, with production guidance flat at 2 million ounces annually through 2027. Gold's upside appears capped at $3,100 an ounce, with easing inflation and geopolitical tensions reducing demand, limiting Kinross's potential for meaningful stock gains. While Kinross has strong fundamentals and liquidity, the absence of growth catalysts and potential reserves depletion justify a bearish outlook. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

Kinross: A Strong Year, But A Softer 2025 Outlook

Summary Kinross Gold reported solid Q4 & FY2024 results with record free cash flow of ~$1.42 billion. Unfortunately, Tasiast's best years are behind it, contributing to lower 2025 production at higher costs and a dip in annual free cash flow. And while KGC has made progress smoothing its '25-'27 production outlook, it has its work cut out for it to return to 2.3MM GEOs to reverse per share production declines. In this update, we'll dig into the Q4 & FY2024 results, recent developments, and whether the stock is offering an adequate margin of safety at current levels. Read the full article on Seeking Alpha
Seeking Alpha • Dec 14

Kinross Gold: Positioned To Shine Amid A Bullish Gold Market

Summary Kinross Gold has gained 61% in 2024, supported by record free cash flow, debt reduction, and stable production, positioning it for a strong 2025. Its latest results showed a slight drop in production, but benefiting from higher gold prices, reporting a 30% revenue increase and modest AISC rise, outperforming competitors. Trading at a 30% discount to its net asset value and below peers’ EV/EBITDA multiple, Kinross offers upside potential, with solid development projects and a stable production outlook. Read the full article on Seeking Alpha
Seeking Alpha • Sep 16

Kinross Gold: Limited Margin Of Safety At Current Levels

Summary Kinross Gold Corporation had another solid quarter in Q2 24 and is tracking well against annual guidance in what's been another impressive year for its Tasiast Mine post-24K expansion. Notably, Kinross' margins surged 40% year-over-year to $955/oz despite fewer ounces sold, benefiting from a record average realized gold price. Meanwhile, the company unveiled an impressive PEA at Great Bear with a $2.0+ billion NPV (5%) even using conservative cost/capex and gold price assumptions. In this update, we'll dig into the Q2 24 results, recent developments, and how its valuation stacks up vs. other million-ounce producer peers. Read the full article on Seeking Alpha
Seeking Alpha • Aug 30

Kinross Gold: Stock Re-Rating Depends On Inorganic Growth Strategy

Summary Initiate coverage on Kinross Gold with a “Hold” rating; stock surged 76% in 12 months due to strong fundamentals and operational performance. Kinross stock remains attractively valued with potential for 30%-40% upside, but concerns about production growth in the next 24–36 months. Strong financials: $480M cash, $2.1B liquidity, low leverage, and robust free cash flow visibility with potential for dividend growth. Kinross needs to boost production; potential paths include asset acquisition or being acquired, but valuation challenges exist. Read the full article on Seeking Alpha
Seeking Alpha • May 08

Kinross Gold: A Strong Q1, But No Longer Cheap

Summary Kinross Gold Corporation reports solid Q1 results with increased production and sales, driven by strong performance at its Tasiast and La Coipa mines. The company's AISC margins soared year-over-year even with a $2,070/oz gold price, suggesting further margin expansion on deck in Q2 with a ~$2,250/oz+ gold price. In this update, we'll dig into the Q1 results and Kinross' updated valuation to see where its updated fair value lies when factoring in the more robust gold price environment. Read the full article on Seeking Alpha

Shareholder Returns

KGCUS Metals and MiningUS Market
7D10.8%6.7%2.2%
1Y79.3%78.6%24.8%

Return vs Industry: KGC matched the US Metals and Mining industry which returned 78.6% over the past year.

Return vs Market: KGC exceeded the US Market which returned 24.8% over the past year.

Price Volatility

Is KGC's price volatile compared to industry and market?
KGC volatility
KGC Average Weekly Movement8.1%
Metals and Mining Industry Average Movement9.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.1%

Stable Share Price: KGC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: KGC's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1993n/aJ. Rollinsonwww.kinross.com

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. The company was founded in 1993 and is headquartered in Toronto, Canada.

Kinross Gold Corporation Fundamentals Summary

How do Kinross Gold's earnings and revenue compare to its market cap?
KGC fundamental statistics
Market capUS$32.64b
Earnings (TTM)US$2.87b
Revenue (TTM)US$7.96b
11.7x
P/E Ratio
4.2x
P/S Ratio

Is KGC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KGC income statement (TTM)
RevenueUS$7.96b
Cost of RevenueUS$2.49b
Gross ProfitUS$5.47b
Other ExpensesUS$2.61b
EarningsUS$2.87b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)2.40
Gross Margin68.72%
Net Profit Margin35.99%
Debt/Equity Ratio8.0%

How did KGC perform over the long term?

See historical performance and comparison

Dividends

0.6%
Current Dividend Yield
6%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 21:47
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kinross Gold Corporation is covered by 35 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Richard GrayATB Cormark
Farooq HamedBarclays