KGC
Kinross Gold Corporation
KGC's fundamentals are strong and it looks cheap: trading at 7.9x earnings, about half its usual 15x. Analysts expect earnings growth, though they disagree widely on how much.
KGC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
KGC's revenue, profitability, cash flow and balance sheet are all currently healthy.
KGC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.6x | $20.03 | -3.3% |
| Current | 7.9x | $20.71 | — |
| Forward | 7.9x | $20.71 | — |
| Fair | 15x | $40.29 | +95% |
| Expensive | 27x | $71.24 | +244% |
Historical ranges are pointers, not guarantees.
KGC's PE is in its cheap range at 7.9x. On analysts' estimates for next year's earnings, today's price would be 7.9x.
KGC Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for KGC, with profitability holding steady. However, they disagree widely on these estimates.
KGC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.62 | +0.1% |
| Q3 2026 | $2.62 | +85% |
| Q2 2026 | $2.61 | +110% |
| Q1 2026 | $2.35 | +140% |
| Q4 2025 | $1.96 | +155% |
| Q3 2025 | $1.42 | +137% |
| Q2 2025 | $1.24 | +210% |
| Q1 2025 | $0.98 | +180% |
| Q4 2024 | $0.77 | +126% |
KGC's earnings per share have climbed steadily: $2.62 over the past year, up 85% from the year before, and higher year over year for 15 quarters in a row.
KGC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | -2.1% |
| Q2 2026 | $2.2B | +26% |
| Q1 2026 | $2.4B | +59% |
| Q4 2025 | $2.1B | +45% |
| Q3 2025 | $1.8B | +24% |
| Q2 2025 | $1.7B | +42% |
| Q1 2025 | $1.5B | +38% |
| Q4 2024 | $1.4B | +27% |
KGC's revenue is growing: $1.7B last quarter, down 2.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +2.8 points |
| Q2 2026 | 52% | +7.7 points |
| Q1 2026 | 55% | +17 points |
| Q4 2025 | 48% | +13 points |
| Q3 2025 | 43% | +4.5 points |
| Q2 2025 | 45% | +20 points |
| Q1 2025 | 38% | +20 points |
| Q4 2024 | 35% | +18 points |
KGC's operating margin was 46% last quarter, up 2.8 points from the same quarter a year ago.
KGC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $289.1M | -59% |
| Q2 2026 | $734.9M | +7.1% |
| Q1 2026 | $856.3M | +114% |
| Q4 2025 | $778.7M | +72% |
| Q3 2025 | $711.9M | +57% |
| Q2 2025 | $686.3M | +108% |
| Q1 2025 | $399.4M | +201% |
| Q4 2024 | $453.8M | +356% |
KGC generated $2.7B in free cash flow over the past year, up 18% from the year before.
KGC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -7.7M shares |
| 1 year | -2.8% | -33.7M shares |
| 3 years | -4.2% | -51.4M shares |
| 5 years | -6.5% | -82.7M shares |
| Available history | -5.4% | -67.3M shares |
KGC has 1.2B diluted shares, down 2.8% from a year ago, with $957M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $211.8M |
| Q2 2026 | $230M |
| Q1 2026 | $250.1M |
| Q4 2025 | $265.1M |
| Q3 2025 | $165.1M |
| Q2 2025 | $170.1M |
| Q1 2025 | — |
| Q4 2024 | — |
KGC spent $957M buying back its own shares over the past year, up 186% from the year before.
KGC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.3x | Very low |
KGC has more cash than debt.
KGC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 9.6 | Oversold |
KGC's weekly RSI is 39 (neutral) and its Stochastic is 10 (oversold).
KGC PE vs Basic Materials Sector
| Metric | KGC | Sector median | Relative |
|---|---|---|---|
| PE | 7.9x | 19x | 58% below |
| PE % | 18 | 40 | 22 pts below |
KGC is trading at 7.9x earnings, a 58% discount to the Basic Materials sector's median of 19x.
KGC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $22.8 | 9.1% below |
| 20 week MA | $25.4 | 18% below |
| 50 week MA | $28.4 | 27% below |
| 100 week MA | $22.5 | 7.9% below |
| 200 week MA | $14.4 | 43% above |
KGC has fallen below most of its moving averages, though it's still 43% above its 200-week average.
KGC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.62 | $7.39 | +60% |
| 2021 | $7.39 | $5.57 | -25% |
| 2022 | $5.57 | $4.17 | -25% |
| 2023 | $4.17 | $6.05 | +45% |
| 2024 | $6.05 | $9.31 | +54% |
| 2025 | $9.31 | $29.7 | +219% |
| 2026 YTD | $29.7 | $20.7 | -30% |
KGC is down 30% so far in 2026, after finishing higher in four of the previous six years.