Commodity prices diverged in the quarter. Despite solid China steel production, iron ore and metallurgical coal prices are down, while copper rose on supply issues and hopes of faster global growth. However, prices are elevated compared with history and cost-curve support.
Tasiast and Paracatu, Kinross' two largest operations by production, sit within the lower half of the industry cost curve.
Kinross sits around the middle of the gold cost curve, making it more leveraged to movements in gold prices compared with its lower-cost competitors.
|
Metric
|
KGC
|
NEM
|
GOLD
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.62 | 25.20 | 20.21 |
Price/Book Value | 1.31 | 1.53 | 1.28 |
Price/Sales | 1.90 | 2.74 | 2.61 |
Price/Cash Flow | 5.44 | 9.92 | 7.12 |
|
Metric
|
KGC
|
NEM
|
GOLD
|
|---|---|---|---|
Quick Ratio | 0.67 | 0.71 | 2.26 |
Current Ratio | 2.63 | 1.25 | 3.16 |
Interest Coverage | 10.68 | −7.97 | 8.98 |
|
Metric
|
KGC
|
NEM
|
GOLD
|
|---|---|---|---|
Return on Assets (Normalized) | 5.13% | 3.17% | 3.21% |
Return on Equity (Normalized) | 9.04% | 6.24% | 6.40% |
Return on Invested Capital (Normalized) | 6.54% | 4.97% | 4.64% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
ZIJMY
| Zijin Mining Group Co Ltd ADR | — | Qpxvm | $65.5 Bil | |
ZIJMF
| Zijin Mining Group Co Ltd Class H | — | Cwhswbm | $65.5 Bil | |
NEMCL
| Newmont Corp Chess Depository Interest | — | Bsym | $44.5 Bil | |
NEM
| Newmont Corp | Pkpdqtjlm | Lcgh | $44.5 Bil | |
AEM
| Agnico Eagle Mines Ltd | Rtnlfpjs | Znw | $31.6 Bil | |
GOLD
| Barrick Gold Corp | Msdrngvf | Dgp | $29.8 Bil | |
WPM
| Wheaton Precious Metals Corp | Wjgnycv | Rzzt | $23.9 Bil | |
FNV
| Franco-Nevada Corp | — | Fttdnrx | $23.4 Bil | |
GFI
| Gold Fields Ltd ADR | Wxkwyfsh | Jbwzdx | $16.0 Bil |
