EN DE

Kinross Gold Corporation (KGC) Fair Value & Analysis

Basic Materials · US · Market cap $27.4B

KG Kinross Gold Corporation logo Kinross Gold Corporation KGC · US
Price$26.85
Fair Value$34.62
Upside+28.9%
Quality83/100
Watch Kinross Gold Corporation for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Highly profitable · 36.0% net margin
Low debt · generates free cash flow
0.61% dividend yield
Ranks above peers (10/15)
Wide moat 88/100
Evidence: High Range $25.97 – $66.87 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated today

Share price +12.3% over the past month.

A strong business, screening 29% undervalued on our models.

What matters now

  • The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range ($25.97 to $66.87) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$37.97 $2.89 Fair Value $34.62 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $2.89 – $37.97 · fair‑value band $25.97 – $66.87 · the $26.85 price screens below the $34.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Kinross Gold Corporation (KGC) currently trades at $26.85, while our model-based Fair Value estimate is $34.62, implying the stock looks roughly 28.9% undervalued today. The Quality Score stands at 83/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kinross Gold Corporation generated revenue of $8.0B at a net margin of 36.0%. Revenue grew 60.8% year over year. It earns a return on equity of 35.5%. The balance sheet holds a net cash position of $975M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $25.97 (bear case) to $66.87 (bull case); at $26.85, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 84% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -9% fair-value upside, at 29%, KGC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $33.16 $64.18 $123.38 80
Residual Income $15.40 $23.36 $239.23 76
Rev-Margin DCF $15.14 $24.46 $38.20 74
All 26 models by family
DCF Models
FCF DCF $34.74 $57.81 $123.92 38
Owner Earnings $32.29 $72.39 $156.59 31
5Y Revenue Exit $15.14 $22.85 $37.13 39
5Y EBITDA Exit $29.31 $53.52 $97.58 41
5Y P/E Exit $28.69 $56.74 $92.53 38
10Y Revenue Exit $20.60 $32.98 $45.28 36
10Y EBITDA Exit $30.84 $59.82 $111.85 37
10Y P/E Exit $30.40 $58.65 $106.42 35
Earnings-Based
Graham-Dodd $13.85 $96.58 $135.54 54
Lynch FV $28.73 $41.04 $53.35 50
PEG = 1.0 $28.73 $41.04 $53.35 46
EPV $19.68 $22.82 $25.57 59
Dividend Discount
Gordon GGM $1.19 $2.47 $3.93 70
DDM Multi-Stage $1.19 $2.09 $2.60 61
Multiples
P/E Multiple $25.97 $34.62 $43.28 63
P/S Multiple $6.76 $9.01 $11.27 58
P/B Multiple $16.13 $21.51 $26.88 55
EV/EBIT $28.10 $37.18 $46.26 53
EV/EBITDA $27.69 $36.64 $45.58 54
EV/Revenue $7.16 $9.86 $12.57 43
Asset-Based
NCAV (Graham) $3.58 $4.80 $7.17 50
Growth DCF
Growth DCF $33.16 $64.18 $123.38 80
Rev-Margin DCF $15.14 $24.46 $38.20 74
Economic Profit
Residual Income $15.40 $23.36 $239.23 76
ROIC Compounder $23.91 $33.54 $46.63 72
Growth Earnings
Growth-Adj P/E $36.01 $51.44 $66.87 68

Widest divergence: DCF Models ($56.74) versus Dividend Discount ($2.09). Highest evidence: Growth DCF (80).

Notify me when KGC reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) $8.0B
Revenue growth (YoY) +60.8%
Net margin 36.0%
Return on equity 35.5%
Free cash flow $2.6B FY2025
P/E ratio 11.8
More key figures
Operating margin 55.1%
EPS (TTM) $2.28
Dividend yield 0.6%
EPS growth (YoY) +134%
Net cash $975M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 83/100

Of which business quality 81 · Market factors (momentum, volatility) 39

Profitability 77
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 93
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.

Full company description

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. The company was founded in 1993 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kinross Gold Corporation reported revenue of $7.2B in FY2025 versus $2.6B in FY2021, a compound +28.9%/yr. Reported net income was $2.4B in FY2025, compounding +82.1%/yr from FY2021.

Growth Quality 94/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$7.2B
Latest YoY
+39.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Avg. growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+26.0%
Revenue +28.9%/yr
FY21 $2.6B
FY22 $3.5B
FY23 $4.2B
FY24 $5.1B
FY25 $7.2B
Net income +82.1%/yr
FY21 $221M
FY22 −$605M
FY23 $416M
FY24 $949M
FY25 $2.4B

Watch KGC: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Kinross Gold Corporation Fair Value". https://www.fairvalue-calculator.com/stock/KGC

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Gold · 248 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 83 · Top 25%
Fair Value upside +29% · Top 25%
Return on equity (TTM) 35% · Top 25%
Return on assets 20% · Top 25%
Net margin (TTM) 36% · Top 25%
Operating margin (TTM) 55% · Top 25%
Revenue growth 61% · Above median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.09× · Higher than median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 3.20× · Pricier than median
P/S (TTM) 3.44× · Pricier than median
P/FCF 10.7× · Cheaper than median
EV/EBITDA 5.3× · Cheaper than median
PEG 1.12× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 72 · sector 0
FUTURE 100 · sector 100
PAST 100 · sector 0
HEALTH 96 · sector 98
DIVIDEND 12 · sector 23

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $112.82 +1%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$257.82 C$154.33 -40%
Barrick Mining Corporation B $41.23 $50.66 +23%
Wheaton Precious Metals Corp WPM C$187.84 C$52.47 -72%
Franco-Nevada Corporation FNV C$334.84 C$97.76 -71%
AngloGold Ashanti plc AU $97.92 $88.63 -9%
Gold Fields Limited GFI $40.73 $59.06 +45%
Zijin Gold International Company 2259 HK$135.60 HK$96.81 -29%
Northern Star Resources Limited NST A$22.96 A$15.98 -30%

Compare Kinross Gold Corporation with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Kinross Gold Corporation (KGC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $34.62 versus a price of $26.85, about +29% (undervalued).
What is the fair value of KGC?
Our model-based fair value for Kinross Gold Corporation is $34.62 (as of Aug 13, 2026), built from audited fundamentals. The current price is $26.85.
What is the quality score of KGC?
Kinross Gold Corporation has a Quality Score of 83/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kinross Gold Corporation (KGC)?
Kinross Gold Corporation reported trailing-twelve-month revenue of about $8.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KGC?
The net profit margin of Kinross Gold Corporation is about 36.0%, meaning it keeps roughly 36.0% of revenue as net income. Based on the latest reported figures.
Does Kinross Gold Corporation pay a dividend?
Kinross Gold Corporation currently shows a dividend yield of about 0.50% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Kinross Gold Corporation and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.