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KGCKinross Gold Corporation
$27.79$34.3B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
KGC logo

Kinross Gold Corporation

KGC
NYSE · Gold
$27.79
At close - Sep 21, 4:00 PM EDT - USD
Market Cap$33.18B
P/E14.0x
52W High$39.11
Volume5.2M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Gold Rally Drives Record Margins and Deleveraging

Kinross Gold is capitalizing on elevated gold prices, with Q2 2026 revenue up 39.3% year-over-year and gross margin expanding to 55.3% from 27.5% in Q1 2024. The company has strengthened its balance sheet, reducing debt-to-equity to 0.08 and boosting cash to $...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

KGC price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-57% Peers

P/E is 57% below peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue surged 39.3% year-over-year in Q2 2026, with gross margin expanding to 55.3% from 27.5% in Q1 2024, driving EPS growth of 60.5% year-over-year.

Analyst Consensus+28.9% target
Buy(29 analysts)
17 Buy9 Hold3 Sell

The Bull Case

Upside Catalysts

Operational excellence focus

Kinross is focused on maximizing free cash flow through operational excellence and financial discipline, which is a key driver for investors.

Strong financial reporting

The company has a clear schedule for financial reporting, including quarterly and annual results, providing transparency and confidence to investors.

ESG and sustainability commitment

Kinross emphasizes ESG (Environmental, Social, and Governance) factors and sustainability, which are increasingly important to investors.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KGC-1.38%
S&P 500 (^GSPC)+13.22%
1-Year Return
KGC+15.33%
S&P 500 (^GSPC)+15.99%
3-Year Return
KGC+464.30%
S&P 500 (^GSPC)+89.66%
5-Year Return
KGC+418.31%
S&P 500 (^GSPC)+74.23%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
14.4x
Forward P/EExpansion
10.3x
EV/EBITDA40th %ile
7.8x
FCF YieldCash Flow
7.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
14.4x
17.8x
50th· Fair
EV/EBITDA
7.8x
7.8x
40th· Fair
Price/FCF
13.3x
14.8x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$29.54+6.3%
Base (Fair)$42.21+50.4%
Bull$54.29+95.4%
$29.54 Bear$42.21 Base$54.29 Bull
Current Market Price: $27.79
Trades at a 34.2% discount to Base DCF ($42.21)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$7.17B+39.3% YoY
Net income
$2.43B+156.3% YoY
Free cash flow
$2.57B+87.3% YoY
Operating margin
43.2%+13.3 pts YoY
ROIC (TTM)29.9%
Avg ROIC 5Y-
ROE (TTM)31%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
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
Q4 2025
Nov 4, 2025
$0.44+12.8%
vs $0.39
$1.8B-13.0%
vs $2.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·4d ago
Kinross Gold: The Re-Rating Setup Is Becoming Increasingly Attractive

Kinross Gold is reiterated as a Strong Buy, supported by robust free cash flow, a healthy balance sheet, and a deep project pipeline. KGC's Q2 performance was strong, with $726.8M free cash flow and continued progress on major growth projects, despite rising AISC to $1,821/oz. The company's valuation remains conservative, trading near intrinsic value even as gold's macro tailwinds and project milestones offer significant upside potential.

Zacks Investment Research·4d ago
B vs. KGC: Which Gold Mining Stock Should You Bet on Now?

Barrick and Kinross shine with strong projects, rising cash flows, and solid growth prospects amid resilient gold prices.

Accesswire·Sep 14, 2026
Kinross Encounters Gold and Copper in Recent Drill Holes with Gold Values up to 6 g/t, Kinross Drilling to Continue on Dixie Halo

BTU to Commence Initial Drill Program on Hubcap Project Adjacent to RPX in Wawa VANCOUVER, BC / ACCESS Newswire / September 14, 2026 / BTU METALS CORP. ("BTU" or the "Company") (TSX:V:BTU) is pleased to announce highlights of Kinross Gold Corporation's ("Kinross")(K-TSX) 2026 Phase 1 drilling on BTU's optioned Dixie Halo properties in Red Lake.

Zacks Investment Research·Sep 8, 2026
Kinross Gold Stock Up 13% in a Month: What Should Investors Do Now?

KGC's 13% gain reflects stronger gold prices and earnings, but rising costs and falling estimates cloud its outlook.

Filtered for Kinross Gold CorporationMore Headlines
04

Compare before deciding

Benchmark KGC against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Kinross Gold Corporation (KGC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KGC logoKGCKinross Gold CorporationCurrent
$27.79$33.18B13.9639.34%33.9%31.03%0.45%
NEM logoNEMNewmont Corporation
$123.05$129.66B19.2019.08%38.06%24.89%—
AEM logoAEMAgnico Eagle Mines Limited
$197.48$100B22.2943.71%40.43%22.64%—
WPM logoWPMWheaton Precious Metals Corp.
$147.66$67.06B44.8883.33%64.66%22.96%—
FNV logoFNVFranco-Nevada Corporation
$261.68$50.47B44.6663.69%63.79%19.08%—
AGI logoAGIAlamos Gold Inc.
$35.21$14.79B16.7734.57%52.84%26.09%—

Compare KGC vs Peers

Kinross Gold Corporation (KGC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NEM

Most directly comparable listed peer for KGC.

Scale Benchmark

vs CAT

Larger-name benchmark to compare KGC against a more recognizable public peer.

Peer Set

Compare Top 5

vs NEM, AEM, WPM, FNV

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KGC Frequently Asked Questions

Kinross Gold Corporation (KGC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Kinross Gold Corporation's revenue?

Kinross Gold Corporation (KGC) reported $8.39B in revenue for fiscal year 2025. This represents a 3998% increase from $204.8M in 1996.

How fast is Kinross Gold Corporation growing?

Kinross Gold Corporation (KGC) grew revenue by 39.3% over the past year. This is strong growth.

Is KGC profitable?

Yes, Kinross Gold Corporation (KGC) is profitable, generating $3.15B in net income for fiscal year 2025 (33.9% net margin).

Dividend & Returns
Does KGC pay dividends?

Yes, Kinross Gold Corporation (KGC) pays a dividend with a yield of 0.45%. This makes it attractive for income-focused investors.

What is KGC's return on equity?

Kinross Gold Corporation (KGC) has a return on equity (ROE) of 31.0%. This is excellent, indicating efficient use of shareholder capital.

What is Kinross Gold Corporation's free cash flow?

Kinross Gold Corporation (KGC) generated $3.04B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in KGC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →