Kinross Gold (K) AI Stock Analysis

• Market Cap: $25.52B
• Dividend Yield: 0.79%
• Average Volume (3M): 3.52M
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.45
• Revenue Growth: 30.84%
• EPS Growth: 188.80%
• Country: CA
• Employees: 8,447
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Gold
• EPS (TTM): 0.41
• Shares Outstanding: 1,226,800,000
• 10 Day Avg. Volume: 3,820,747
• 30 Day Avg. Volume: 3,518,727
• PEG Ratio: 0.58
• Price to Book (P/B): 2.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.87
• Enterprise Value/Market Cap: 0.76
• Enterprise Value/Revenue: 0.97
• Enterprise Value/Gross Profit: 7.91
• Enterprise Value/Ebitda: 1.91
• 1Y Price Target: $23.90
• Price Target Upside: 13.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 77 Outperform
• Price Target: C$24.00 ▲(14.39%Upside)

Kinross Gold's strong financial performance and robust earnings outlook are key strengths, supported by solid technical indicators. Valuation metrics suggest a reasonable pricing, while corporate events and shareholder confidence further enhance the stock's appeal.

Positive Factors

Cost Management

Kinross has delivered well on its plans, hitting guidance and keeping cost inflation relatively low, enabling margins to expand.

Financial Performance

Kinross portfolio is seen as a low risk, steady collection of assets with a low-cost core that make a strong cash flow engine.

Negative Factors

Earnings

Q4’24 earnings missed expectations due to higher costs and lower production.

Production Costs

Kinross's US assets are slightly more mature and higher cost, but the company is enhancing Fort Knox with high grade and pursuing grade sweeteners at other sites.

Kinross Gold Business Overview & Revenue Model

Company Description

Kinross Gold Corporation is a Canadian-based gold and silver mining company with operations and projects in the United States, Brazil, Mauritania, Chile, and Ghana. Established in 1993, Kinross Gold is one of the world's largest gold mining companies, specializing in the extraction, production, and sale of precious metals to global markets. The company focuses on maintaining a high standard of environmental and social responsibility while delivering value to shareholders.

How the Company Makes Money

Kinross Gold makes money primarily through the extraction, production, and sale of gold and silver. The company's revenue model is centered around mining operations, where it extracts ore from its mines and processes it to produce gold and silver bullion. These precious metals are then sold in the global commodities markets, where prices are subject to market fluctuations. Kinross Gold also engages in strategic partnerships and joint ventures to optimize its mining operations and expand its resource base. Additionally, the company may enter into hedging contracts to manage price risk and ensure stable cash flows. Factors such as operational efficiency, cost management, and market demand for gold and silver significantly contribute to the company's earnings.

Kinross Gold Financial Statement Overview

Summary

Kinross Gold demonstrates strong financial health with growing revenues and efficient cash flow management. While profitability metrics are improving, historical fluctuations in net income and moderate ROE indicate areas for vigilance. The company's solid balance sheet and cash flow positions it well for future growth, albeit with some profitability stability concerns.

Income Statement

Kinross Gold shows strong revenue growth with a 8.06% increase in TTM over the previous year. Gross profit and net profit margins have also improved, demonstrating enhanced operational efficiency. The EBIT and EBITDA margins are robust, indicating effective cost management. However, the net income fluctuated significantly in past years, posing risks to consistent profitability.

Balance Sheet

The balance sheet is solid with a favorable debt-to-equity ratio of 0.17 in TTM, reflecting manageable leverage. The equity ratio of 65.75% underscores a strong equity base. However, the return on equity is moderate, suggesting room for improvement in generating returns from equity.

Cash Flow

Kinross Gold's cash flow statement is impressive, with a substantial 24.89% growth in free cash flow in TTM, indicating efficient cash management. The operating cash flow to net income ratio is healthy, ensuring liquidity to support operations. The free cash flow to net income ratio further highlights the company's ability to convert profits into cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.56B	5.15B	4.24B	3.46B	3.73B	4.21B
Gross Profit	2.46B	1.88B	1.16B	515.40M	1.02B	2.30B
EBITDA	3.08B	2.60B	1.76B	945.40M	854.61M	2.73B
Net Income	1.21B	948.80M	416.30M	-605.20M	221.20M	1.34B
Balance Sheet
Total Assets	10.95B	10.87B	10.54B	10.40B	10.43B	10.93B
Cash, Cash Equivalents and Short-Term Investments	694.60M	628.20M	366.90M	418.10M	531.50M	1.21B
Total Debt	1.24B	1.45B	2.26B	2.62B	1.68B	1.97B
Total Liabilities	3.62B	3.87B	4.36B	4.51B	3.78B	4.27B
Stockholders Equity	7.20B	6.86B	6.08B	5.82B	6.58B	6.60B
Cash Flow
Free Cash Flow	1.60B	1.28B	507.00M	242.20M	145.50M	993.60M
Operating Cash Flow	2.67B	2.45B	1.61B	1.05B	1.14B	1.96B
Investing Cash Flow	-1.08B	-1.18B	-1.01B	-1.60B	-1.19B	-1.25B
Financing Cash Flow	-1.25B	-1.01B	-549.00M	437.50M	-623.20M	-67.70M

Kinross Gold Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 20.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:K, the sentiment is Neutral. The current price of 20.98 is below the 20-day moving average (MA) of 21.21, above the 50-day MA of 20.63, and above the 200-day MA of 16.65, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 49.72 is Neutral, neither overbought nor oversold. The STOCH value of 59.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:K.

Kinross Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABX	80 Outperform	$50.76B	15.91	9.70%	1.94%	19.13%	66.78%
LUG	78 Outperform	$17.66B	23.43	47.31%	3.58%	34.41%	139.62%
K	77 Outperform	$25.52B	15.16	18.12%	0.79%	30.84%	188.80%
EDV	76 Outperform	C$9.97B	―	-3.12%	3.99%	59.60%	-74.74%
BTO	74 Outperform	C$6.37B	―	-17.61%	2.27%	5.97%	-1677.31%
AGI	71 Outperform	$15.03B	41.52	7.85%	0.38%	37.83%	24.13%
Sector *	62 Neutral	$10.18B	9.76	-0.16%	2.86%	2.22%	-32.49%

Kinross Gold Corporate Events

Kinross Gold Reports Strong Shareholder Support at Annual Meeting

Kinross Gold Corporation announced the results of its Annual Shareholder Meeting, where the election of its Board of Directors took place. All nominees were successfully elected, with high approval rates. Additionally, the ‘Say on Pay’ resolution regarding executive compensation and the appointment of auditors were approved by the shareholders. These results reflect strong shareholder support for the company’s leadership and strategic direction.

Kinross Gold Announces Successful Board Elections and Shareholder Meeting Results

Kinross Gold Corporation announced the results of its Annual Shareholder Meeting, where the election of its Board of Directors took place. All nominees listed in the Management Information Circular were elected, with high approval ratings. Additionally, the ‘Say on Pay’ resolution on executive compensation and the appointment of auditors received significant support from shareholders. These results reflect strong shareholder confidence in the company’s leadership and strategic direction.

Kinross Gold Temporarily Suspends Tasiast Mill Operations Following Fire

Kinross Gold Corporation announced a temporary suspension of mill operations at its Tasiast mine due to a fire that occurred on April 14, 2025. The fire, which was localized in the SAG discharge area, has been extinguished with no injuries reported. Mining operations continue as planned, and the company is assessing the damage and potential impact on operations. Despite the incident, Kinross does not expect to change its production guidance for Tasiast, indicating that critical spare parts are available on site.