Kinross Gold Corporation Common Stock (KGC)

FairStock Score: 92/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Kinross as a commodity producer, not a franchise. Gold miners sell an undifferentiated product at market prices, so pricing power is absent; the moat, if any, comes from low-cost reserves, jurisdiction quality, and capital discipline. The current numbers are impressive. In the latest reported quarter, fiscal Q2 2026, revenue was $2.2B and net income was $844.2M, a 37.72% net margin. FairStock’s calculations at the 2026-10-13 close show a P/E of 8.91, EV/EBITDA of 6.53, ROE of 36.99%, ROCE of 21.41%, and FCF yield of 8.0% on $3.1B trailing free cash flow. Debt is modest with D/E of 0.08, and the Altman Z-Score of 6.29 and Piotroski F-Score of 6/9 suggest a financially sound balance sheet and decent fundamentals. Growth appears strong in the provided figures, but commodity earnings can reverse quickly when gold prices fall. Valuation is mixed: the earnings multiple and PEG of 0.15 look cheap, but the Graham Number of $21.87 leaves the $23.44 price at a -7.18% margin of safety, and P/B of 2.88 is not asset-cheap. The 52-week range of $22.01 to $39.11 and beta of 1.48 remind me this is volatile. The lack of a Lynch category because only 0 years of filed results are available also limits historical consistency analysis. Overall, this is a well-capitalized miner enjoying a strong gold-market cycle. It looks reasonably priced on current cash earnings, but I would demand a larger discount to account for commodity, jurisdiction, and cycle risk.

In plain English: Kinross Gold is a gold miner with mines in the United States, Brazil, Chile, Canada, and Mauritania. The business looks strong today: in the latest reported quarter, fiscal Q2 2026, it earned $844.2 million of net income on $2.2 billion of revenue, carries little debt, and produces a lot of cash. The shares look inexpensive compared with current profits, but not deeply cheap compared with the company’s book value or a simple asset-based value check.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer