Kinross Gold Corporation logo

Kinross Gold Corporation(KGC)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
3-STAR RATING
PASS
LAST CLOSE
$22.24
11/06/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for KGC

11/06/2026: KGC (3-star) is currently NOT-A-BUY. Pass it for now.

Kinross Gold Corporation is a senior gold mining company that operates globally with a primary focus on the Americas. The company has a solid track record of operational efficiency and has successfully pivoted its portfolio toward more stable jurisdictions through strategic acquisitions like the Great Bear project. Its main investment appeal lies in its exposure to gold prices, which can drive significant cash flow, though this also introduces high sensitivity to commodity market cycles. Risks include geopolitical exposure, cost inflation, and the capital-intensive nature of mine development. The stock may best suit investors looking for gold-leveraged growth or portfolio diversification, provided they monitor production costs and gold price trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is largely tied to commodity price cycles and capital-intensive project development.
Momentum investorStrong fit while signal remains positiveGold miners often experience strong price momentum during periods of rising gold prices or economic uncertainty.
Value investorMixed fitValuation is sensitive to gold price assumptions and underlying reserve life, requiring careful entry points.
Dividend investorMixed fitThe dividend is sustainable but payout levels can fluctuate with commodity market cycles.
Low-risk investorWeak fitThe stock carries high exposure to commodity price volatility and geopolitical mining risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighGold price fluctuations directly impact revenue and profitability.
Valuation riskMediumMarket prices often trade at premiums or discounts to net asset value based on metal price outlooks.
Competition risk (commodity production)MediumMaintaining costs relative to global peers is essential for long-term viability.
Business qualityMediumSuccess depends on the quality of ore reserves and operational execution.
Dividend incomeMediumDividends may be adjusted based on cash flow needs and capital expenditure requirements.
Execution riskMediumMining development projects carry inherent risks regarding cost and timing.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 178.89%
Avg. Invested days 55
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/06/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
KGC receives a 4-star rating, supported by strong unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
KGC has solid overall fundamentals (4 stars), with strong financial health, strong growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+156.3%) and strong cash generation (FCF margin 35.8%) are partially offset by very low insider ownership of 0.18%.

Financial Health Rating

★★★★★
KGC's financial health is supported by strong cash strength, including free-cash-flow generation of $2.6B (35.8% of revenue). Operating efficiency is solid (4 stars), which helps explain the 5-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is KGC's strongest growth driver at +156.3% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+39.3%, strong) and free-cash-flow growth (+87.2%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 69.8% and approximately 99.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.18%, which materially reduces the ownership score.

Top 5 Institutional Investors

Van Eck Associates Corporation 4.66%
Boston Partners Global Investors, Inc 3.06%
Vanguard Capital Management, LLC 2.83%
Royal Bank of Canada 2.80%
Arrowstreet Capital Limited Partnership 2.51%

Unit Economics (Per $1K Revenue)

★★★★★
KGC generates approximately $475 of gross profit, $432 of operating income, and $358 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 22.68%

Quantitative Style Profile

★★★★★
KGC has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 26.20B USD
Price to earnings Ratio 8.42
1Y Target Price 30.98
Price to earnings Ratio 8.42
1Y Target Price 30.98
Volume (30-day avg) 8.1M shares
Beta 1.53
52 Weeks Range 19.70 - 38.96
Updated Date 11/08/2026
52 Weeks Range 19.70 - 38.96
Updated Date 11/08/2026
Dividends yield (FY) 0.74%
Basic EPS (TTM) 2.64

How Company Makes Money

Business areaWhat it includesRetail investor read
Gold and Silver SalesSale of gold bullion and silver byproduct from mines in Americas and West Africa.Revenue comes directly from mining and selling gold at market prices.
Geographic OperationsOperations in USA, Brazil, Chile, Mauritania, and Canada.Profitability is influenced by regional operating costs and jurisdictional stability.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2026-10-28
When After Market
Estimate 0.46
Actual 0.5

Profitability

Profit Margin 37.63%
Operating Margin (TTM) 45.59%

Management Effectiveness

Return on Assets (TTM) 20.64%
Return on Equity (TTM) 35.31%

Valuation

Trailing PE 8.42
Forward PE 8.86
Enterprise Value 24.45B
Price to Sales(TTM) 3.1
Enterprise Value 24.45B
Price to Sales(TTM) 3.1
Enterprise Value to Revenue 2.91
Enterprise Value to EBITDA 4.46
Shares Outstanding 1.18B
Shares Floating 1.17B
Shares Outstanding 1.18B
Shares Floating 1.17B
Percent Insiders 0.18
Percent Institutions 69.78

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.