Kinross Gold Corporation (KGC) AI Stock Analysis

NYSE: KGCAI research summary: business, growth, valuation, analysts, bull and bear case.

KGC AI stock analysis summary

AI Research

Kinross Gold Corporation is a senior gold and silver mining producer with substantial extraction and development operations across the Americas and Mauritania. Over the trailing twelve months, the company generated $8.47B in revenue while maintaining an operating margin of 52.5%. Kinross also holds a strong liquidity position, supported by $1.93B in net cash as of June 30, 2026.

Market cap
$28.49B
Revenue (TTM)
$8.47B
P/E
9.1x
fwd 10.6x
1Y return
-12.4%
S&P 500 16.8%
Avg. target
$31.20
29.9% vs last close

Bull case

  • Free cash flow rose to $2.57B in FY2025, supporting a net cash reserve of $1.93B as of June 30, 2026.
  • Kinross produced quarterly revenue growth of 29.5% and quarterly earnings growth of 64.8% year-over-year in the quarter ended June 30, 2026.
  • The stock trades at an EV/EBITDA of 5.8x, well below the median of its US-listed Basic Materials peers of 10.5x.

Bear case

  • Shares fell 12.4% over the past year, lagging the S&P 500 gain of 16.8%.
  • The stock trades 17.6% below its 200-day moving average and remains beneath its 52-week high of $39.11.
  • Analyst estimates project revenue growth to moderate to 3.9% in the fiscal year ending December 31, 2027.

What Kinross Gold does

Kinross Gold Corporation acquires, explores, and develops gold properties across the United States, Brazil, Chile, Canada, and Mauritania. Its operational portfolio includes the Fort Knox mine and Manh Choh project in Alaska, Round Mountain and Bald Mountain in Nevada, Paracatu in Brazil, and Tasiast in Mauritania. In addition, the company is advancing the La Coipa and Lobo-Marte projects in Chile along with the Great Bear project in Canada. Beyond extracting and processing gold-containing ores, Kinross restores environmental integrity through property reclamation and produces and sells silver.

Growth and profitability

Kinross Gold expanded revenue from $2.60B in FY2021 to $7.17B in FY2025, reflecting a 5-year revenue CAGR of 11.2%. Gross margin improved from 20.8% in FY2021 and 14.9% in FY2022 to 47.5% in FY2025, while operating margin rose from 2.8% to 43.2%. Net income recovered from -$605.2M in FY2022 to $2.43B in FY2025, lifting EPS from $0.23 to $1.85. For the trailing twelve months ended June 30, 2026, revenue totaled $8.47B with a profit margin of 37.5%. In the latest quarter, year-over-year quarterly revenue growth was 29.5% and quarterly earnings growth reached 64.8%.

KGC income statement →

Balance sheet and cash flow

As of June 30, 2026, Kinross Gold held $2.67B in cash and short-term investments against $737.9M in total debt, resulting in net cash of $1.93B. The company recorded a current ratio of 2.89 and a debt-to-equity ratio of 0.08, backed by $9.64B in shareholders' equity. Operating cash flow reached $3.76B and free cash flow stood at $2.57B in FY2025. During FY2025, capital allocation included $1.19B in capital expenditures, $600.3M directed toward share buybacks, and $152.1M in dividends paid.

KGC balance sheet →

Valuation and performance

Kinross Gold trades at a trailing P/E of 9.1x and a forward P/E of 10.6x, compared to 19.7x and 13.4x for the median of its US-listed Basic Materials peers. The EV/EBITDA multiple stands at 5.8x versus the peer median of 10.5x, while its price-to-sales ratio of 3.4x sits above the peer median of 1.8x. Over the past year, KGC shares fell 12.4%, trailing the S&P 500 return of 16.8%. Over a 5-year horizon, KGC gained 328.6% versus 83.0% for the S&P 500.

KGC key metrics →

KGC dividend

Kinross Gold pays a quarterly dividend with an annualized forward rate of $0.16 per share, representing a dividend yield of 0.67%. The payout ratio is 6.1%, and dividends have been distributed for 7 consecutive years. Over the last 5 years, the dividend grew at an annualized rate of 15.8%, with the last ex-dividend date occurring on August 20, 2026.

KGC dividend history →

What analysts expect

Analyst coverage consists of 9 Strong Buy, 5 Buy, 2 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target is $31.20, representing an implied upside of 29.9% relative to the last close of $24.02. For the fiscal year ending December 31, 2026, analysts estimate EPS of $2.45 on revenue of $8.58B. Kinross has beaten EPS estimates in 3 of the last 4 quarters, and its next earnings date is October 28, 2026.

KGC forecast and price target →

Key risks and what to watch

  • A beta of 1.52 exposes the stock to greater market price fluctuations than the broader market average.
  • Annual capital expenditures were substantial at $1.19B in FY2025, reflecting the continuous capital intensity of mining development.
  • Earnings have displayed historical volatility, including a net loss of -$605.2M in FY2022.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this KGC AI stock analysis

This page is an AI-written research summary of Kinross Gold Corporation (KGC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: KGC income statement, KGC balance sheet, KGC key metrics, KGC analyst forecast, KGC chart. See the KGC stock overview for the latest quote and news.

KGC AI stock analysis FAQ

What is Kinross Gold's current dividend yield and payout schedule?

Kinross Gold pays a quarterly dividend with an annualized payout of $0.16 per share, providing a dividend yield of 0.67% and a payout ratio of 6.1%.

What is the financial position of Kinross Gold?

As of June 30, 2026, Kinross Gold had $2.67B in cash and short-term investments against $737.9M in total debt, creating a net cash surplus of $1.93B with a debt-to-equity ratio of 0.08.

What are Wall Street analysts' price targets for KGC?

Analysts have set a mean price target of $31.20, which is 29.9% above the last closing price of $24.02, backed by 9 Strong Buy, 5 Buy, 2 Hold, 1 Sell, and 1 Strong Sell ratings.

How did Kinross Gold perform financially in FY2025?

In FY2025, Kinross Gold grew revenue by 39.3% to $7.17B, delivering net income of $2.43B and free cash flow of $2.57B.

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