Kinross Gold's fundamentals remain strong, with a balance sheet that has deleveraged from a $2.0B debt load in 2024Q2 to $752M in 2026Q3 and a debt-to-equity ratio of 0.07.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue peaked near $2.4B in 2026Q1 before easing to $1.7B in 2026Q3, while operating margin contracted from 55.1% to 45.6%, indicating that high fixed-cost sensitivity is amplifying the top-line decline.
Kinross is focused on maximizing free cash flow through operational excellence and financial discipline, which is a key driver for investors.
The company has a clear schedule for financial reporting, including quarterly and annual results, providing transparency and confidence to investors.
Kinross emphasizes ESG (Environmental, Social, and Governance) factors and sustainability, which are increasingly important to investors.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $0.50+8.7% vs $0.46 | $1.7B-10.2% vs $1.9B |
Q3 2026 Jul 29, 2026 | $0.71+7.6% vs $0.66 | $2.2B-1.5% vs $2.2B |
Q2 2026 Apr 29, 2026 | $0.71+4.4% vs $0.68 | $2.4B-1.0% vs $2.4B |
Q1 2026 Feb 18, 2026 | $0.67+21.8% vs $0.55 | $2.0B-2.6% vs $2.1B |
KGC maintains its 2026 gold production outlook as rising project costs, operational challenges and Great Bear spending shape its growth plans through 2029.
KGC's Q3 earnings beat estimates on higher gold prices, despite lower production, rising costs and weaker cash flow.
Kinross had a tough Q3'26 with costs spiking 20% YoY despite lower sustaining capex on the back of rising contractor, power, fuel, and reagent costs. Unfortunately, lower production at Round/La Coipa will see Kinross erase a 3-year streak of beating guidance with a ~6% miss expected this year. Kinross is back to trading at far more reasonable multiples after a ~49% plunge in its share price and has a world-class asset in the hopper, Great Bear.
Kinross Gold Corporation is rated Strong Buy, with a recent valuation disconnect creating a compelling entry point despite near-term production setbacks. KGC's 2026–27 production guidance was cut to 1.84–1.86M GEOs, and AISC was raised to $1,850–$1,900/oz, reflecting operational headwinds at La Coipa and Round Mountain. Despite lower near-term free cash flow, KGC's robust $1.9B net cash and $4.4B liquidity underpin its growth investments and support a turnaround as production recovers.
Benchmark KGC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Kinross Gold Corporation (KGC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $22.24 | $26.56B | 8.38 | 39.34% | 37.68% | 33.35% | 0.56% | |
| $120.91 | $127.4B | 13.75 | 22.16% | 35.05% | 26.32% | 0.83% | |
| $191.57 | $97B | 15.91 | 43.71% | 41.02% | 22.39% | 0.75% | |
| $136.31 | $61.9B | 30.23 | 83.33% | 64.66% | 22.96% | 0.49% | |
| $254.95 | $49.17B | 33.35 | 63.69% | 63.79% | 19.08% | 0.56% | |
| $31.83 | $13.37B | 12.66 | 34.57% | 46.89% | 22.49% | 0.3% |
Kinross Gold Corporation (KGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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Kinross Gold Corporation (KGC) stock FAQ — growth, dividends, profitability & financials explained
Kinross Gold Corporation (KGC) reported $8.35B in revenue over the trailing twelve months. Revenue was $7.17B in fiscal year 2025. That is 3404% more than the $204.8M of fiscal year 1996.
Kinross Gold Corporation (KGC) grew revenue by 30.1% over the trailing twelve months, compared with the twelve months before.
Yes. Kinross Gold Corporation (KGC) earned $3.15B in net income over the trailing twelve months (a 37.7% net margin).
Yes. Kinross Gold Corporation (KGC) pays a dividend that yields 0.56% at the current price, a small yield.
Kinross Gold Corporation (KGC) had a return on equity (ROE) of 33.3% over the trailing twelve months. That is well above the market's typical 10-15%.
Kinross Gold Corporation (KGC) generated $2.66B in free cash flow over the trailing twelve months.
