Skip to Content

Kinross Gold Corp KGC

Morningstar Rating
$7.62 −0.02 (0.26%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Kinross Gold Performing Strongly, but Shares Are Overvalued

Kinross Gold is a senior gold miner with production split roughly 70% in the Americas and 30% in West Africa. Its Paracatu mine in Brazil and Tasiast mine in Mauritania accounted for about 55% of the roughly 2.2 million gold equivalent ounces produced by Kinross in 2023. Both mines are also in the bottom half of the gold cost curve, but we don’t consider them moatworthy due to remaining mine lives of about a decade. They are more than offset by Kinross’ remaining higher-cost mines. The company’s average all-in sustaining cost of roughly USD 1,300 per gold equivalent ounce in 2023 places Kinross at around the middle of the gold cost curve. Kinross had about a decade of gold reserves at the end of 2023.

Price vs Fair Value

KGC is trading at a 657% premium.
Price
$7.64
Fair Value
$4.59
Uncertainty
High
1-Star Price
$9.98
5-Star Price
$3.44
Economic Moat
Qkpt
Capital Allocation
Xmvs

Bulls Say, Bears Say

Bulls

Tasiast and Paracatu, Kinross' two largest operations by production, sit within the lower half of the industry cost curve.

Bears

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.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if KGC is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$7.64
Day Range
$7.567.71
52-Week Range
$4.328.28
Bid/Ask
$7.60 / $7.61
Market Cap
$9.36 Bil
Volume/Avg
12.0 Mil / 16.6 Mil

Key Statistics

Price/Earnings (Normalized)
16.09
Price/Sales
2.15
Dividend Yield (Trailing)
1.57%
Dividend Yield (Forward)
1.57%
Total Yield
1.57%

Company Profile

Kinross Gold is a Canada-based gold producer, producing roughly 2.2 million gold equivalent ounces in 2023. The company had about a decade of gold reserves at the end of 2023. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.
Sector
Basic Materials
Industry
Gold
Stock Style Box
Mid Core
Total Number of Employees
6,600

Competitors

Valuation

Metric
KGC
GOLD
AEM
Price/Earnings (Normalized)
16.0918.8026.83
Price/Book Value
1.531.251.68
Price/Sales
2.152.554.70
Price/Cash Flow
6.036.9811.19
Price/Earnings
KGC
GOLD
AEM

Financial Strength

Metric
KGC
GOLD
AEM
Quick Ratio
0.332.090.69
Current Ratio
1.153.322.21
Interest Coverage
12.629.989.56
Quick Ratio
KGC
GOLD
AEM

Profitability

Metric
KGC
GOLD
AEM
Return on Assets (Normalized)
5.47%3.40%3.79%
Return on Equity (Normalized)
9.56%6.73%5.65%
Return on Invested Capital (Normalized)
6.92%4.86%5.30%
Return on Assets
KGC
GOLD
AEM
See how this stock stacks up to its competitors with Morningstar Investor

Gold Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Zijin Mining Group Co Ltd ADR
ZIJMY
Rrfjnp$61.4 Bil
Zijin Mining Group Co Ltd Class H
ZIJMF
Frgrdg$61.4 Bil
Newmont Corp Chess Depository Interest
NEMCL
Pwkcd$49.1 Bil
Newmont Corp
NEM
GkrvblqYyw$49.1 Bil
Agnico Eagle Mines Ltd
AEM
RvkxnzqPwzmp$32.6 Bil
Barrick Gold Corp
GOLD
MghbxbvxPzkd$29.3 Bil
Wheaton Precious Metals Corp
WPM
LpwmvkmtxRqxn$24.1 Bil
Franco-Nevada Corp
FNV
Tsbflb$22.7 Bil
Gold Fields Ltd
GFIOF
Cdxk$13.5 Bil

Sponsor Center