Kinross Gold Corporation (KGC) fair value: what the stock is really worth
We calculate from audited financials what Kinross Gold Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Basic Materials · US · Market cap $27.4B · ISIN CA4969024047
At a glance
KGKinross Gold CorporationKGC · US
Price$30.15
Fair Value$34.62
Upside+14.8%
Quality83/100
A strong business, trading 13% below our fair value of $34.62.
As of Sep 6, 2026, the fair value of Kinross Gold Corporation is $34.62 per share against a price of $30.15, so the fair value sits 15% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +11.2 %/yr)
✓Highly profitable · 36.0% net margin
✓Low debt · generates free cash flow
·0.48% dividend yield
✓Ranks above peers (10/15)
✓Wide moat 88/100
!Weak on dividend: 10 out of 100
Evidence: HighRange $25.97 to $66.87
Fair value as of: Sep 6, 2026
From 26 valuation models · updated 3 days ago
Share price +9.1% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
A fairly wide model range ($25.97 to $66.87) leaves room in how you read the outcome.
The price sits in the lower half of our model range, the side with the larger margin of safety.
The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
60‑month range $2.89 – $37.97 · fair‑value band $25.97 – $66.87 · the $30.15 price screens below the $34.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.
Kinross Gold Corporation (KGC) currently trades at $30.15, while our model-based Fair Value estimate is $34.62, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 83/100 (high quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of $56.74 per share, and 16 of the 26 models we run sit above the $30.15 price. Bear case: the Asset-Based group reads lowest at $4.80, and 10 of the 26 models stay below the price. Evidence for this calculation is high.
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 Sep 6, 2026
Scenario range: $25.97 (bear) to $66.87 (bull), the price of $30.15 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 23% below its 52-week high and 106% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 15%, KGC screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($1.52 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio13.2
P/S ratio4.48P/E × margin
EPS (TTM)$2.28price ÷ EPS = P/E 13.2
Dividend yield0.5%payout 6.4%
Net margin33.9%FY2025
Return on equity35.5%TTM
More key figures
Profitability
Return on assets (EBIT)9.7%avg 5y
Operating margin55.1%TTM
Growth
Revenue (TTM)$8.0BTTM
Revenue growth (YoY)+60.8%3y avg +27.6%
EPS growth (YoY)+134%
Balance sheet & cash flow
Free cash flow$2.6BFY2025
Net cash$975MFY2025
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality83/100
Of which business quality 81
· Market factors (momentum, volatility) 48
Profitability77
Margins and returns on capital today
Quality Growth100
Are margins and returns improving?
Cashflow81
Earnings quality: real cash, not paper profit
Fin. Strength89
Balance sheet, leverage, solvency risk
Investment39
Disciplined investing over empire-building
Low Volatility21
Calm price path (market factor)
Momentum55
Price trend over the last 3–12 months (market factor)
52W Momentum69
Distance to the 52-week high (market factor)
Net Issuance93
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$7.2B
Latest YoY
+39.3%
Avg. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+14.8%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+14.3%
Dividend yield0.5%
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.45.1% (2020) → 43.2% (2025) · falling
Worst earnings drop317% (2008) (loss year, drop beyond 100%) · in USD
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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.
Valuation
Quality Score83 · Top 25%
Fair Value upside+12% · Top 25%
Profitability
Return on equity (TTM)35% · Top 25%
Return on assets20% · Top 25%
Net margin (TTM)36% · Top 25%
Operating margin (TTM)55% · Top 25%
Growth and dividend
Revenue growth61% · Above median
Dividend yield (TTM)0.5% · Below median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiples vs Gold median · lower = cheaper
P/E (TTM)13.2× · Pricier than median
P/B3.20× · Pricier than median
P/S (TTM)3.44× · Pricier than median
P/FCF10.7× · Cheaper than median
EV/EBITDA5.3× · Cheaper than median
PEG1.12× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Kinross Gold Corporation deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+3.5 % per year
Achieved revenue growth, 5 years+11.2 % p.a.
Sector median revenue growth+3.4 %
FCF yield on price6.96 %
Discount rate (WACC) in the models10.1 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE53· sector 0
FUTURE100· sector 100
PAST100· sector 1
HEALTH96· sector 98
DIVIDEND10· sector 21
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
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).
Is Kinross Gold Corporation (KGC) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of $34.62 versus a price of $30.15, about +15% upside (undervalued).
What is the fair value of KGC?
Our model-based fair value for Kinross Gold Corporation is $34.62 (as of Sep 6, 2026), built from audited fundamentals. The current price: $30.15.
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 price target for Kinross Gold Corporation (KGC)?
Our model-based price target is the fair value of $34.62 (as of Sep 6, 2026) from 26 valuation models. Cautious scenario $25.97, optimistic scenario $66.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Kinross Gold Corporation stock forecast for 2026?
Our models put fair value at $34.62, about +15% upside versus a price of $30.15 (undervalued). Cautious scenario $25.97, optimistic scenario $66.87. The calculation is refreshed regularly with new filings.
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 Sep 6, 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 0.48% relative to its recent price (as of Sep 6, 2026).
What growth is priced into Kinross Gold Corporation (KGC)?
For today's price to be fair in a discounted-cash-flow model, Kinross Gold Corporation would have to grow free cash flow by +3.5 % per year for ten years (discount rate 10.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +11.2 % per year. As of Sep 6, 2026.
What discount rate (WACC) does the fair value of KGC use?
Our models discount Kinross Gold Corporation at 10.1 %: a base by market capitalisation (large), damped by beta 1.37, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Kinross Gold Corporation (KGC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kinross Gold Corporation it is $34.62 per share (as of Sep 6, 2026), against a price of $30.15. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kinross Gold Corporation stock overvalued or undervalued in 2026?
As of Sep 6, 2026, KGC trades below its calculated fair value: price $30.15, fair value $34.62, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KGC?
No. The price is what the market pays today ($30.15); the fair value is what the company's own numbers justify ($34.62). For Kinross Gold Corporation the two are $4.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kinross Gold Corporation worth?
The market values Kinross Gold Corporation at about $27.4B (market capitalisation, as of Sep 6, 2026). Per share that is $30.15; our models calculate a fair value of $34.62 per share.
What do the bullish and bearish scenarios say about KGC?
Our models span a range for Kinross Gold Corporation: cautious scenario $25.97, base $34.62, optimistic $66.87 per share (as of Sep 6, 2026, price $30.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KGC?
Kinross Gold Corporation trades at a price-to-earnings ratio of 13.2 (as of Sep 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $34.62 is built from several models across several years. Other multiples: PEG 1.1, P/B 3.2, P/S 3.4, EV/EBITDA 5.3.
What is the PEG ratio of KGC?
The PEG ratio of Kinross Gold Corporation is 1.12 (P/E divided by earnings growth, as of Sep 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kinross Gold Corporation (KGC)?
Balance-sheet figures for Kinross Gold Corporation (as of Sep 6, 2026): return on equity 35.5%, debt of 0.09 per unit of equity. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is KGC from its 52-week high?
Kinross Gold Corporation trades at $30.15, about 23% below its 52-week high of $39.01 and 106% above the low of $14.63 (as of Sep 6, 2026). Distance from the high says nothing about value: that is what the fair value of $34.62 is for.
Which stocks are comparable to Kinross Gold Corporation?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kinross Gold Corporation stock attractive at the current price?
The data as of Sep 6, 2026: price $30.15, calculated fair value $34.62 (+15%), Quality Score 83/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KGC calculated?
We run Kinross Gold Corporation through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $34.62, with the spread shown as a cautious and an optimistic scenario.
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Kinross Gold Corporation
KGC · US