KGC Leaps 18% In One Month, Time To Buy The Stock?

We believe there is not much to fear in KGC stock given its overall Strong operating performance and financial condition. Considering stock’s Moderate valuation, we think it is Attractive. Here is our multi-factor assessment.

But no matter how attractive, investing in a single stock carries high risk. Trefis High Quality Portfolio and is designed to reduce stock-specific risk while giving upside exposure

Let’s get into details of each of the assessed factors but before that, for quick background: With $29 Bil in market cap, Kinross Gold provides acquisition, exploration, development, extraction, and processing of gold properties across multiple countries, along with gold mining reclamation and silver production and sales.

[1] Valuation Looks Moderate

This table highlights how KGC is valued vs broader market. For more details see: KGC Valuation Ratios

[2] Growth Is Very Strong

• Kinross Gold has seen its top line grow at an average rate of 29.1% over the last 3 years
• Its revenues have grown 27% from $4.4 Bil to $5.6 Bil in the last 12 months
• Also, its quarterly revenues grew 38.5% to $1.5 Bil in the most recent quarter from $1.1 Bil a year ago.

This table highlights how KGC is growing vs broader market.

[3] Profitability Appears Very Strong

• KGC last 12 month operating income was $1.9 Bil representing operating margin of 33.7%
• With cash flow margin of 48.0%, it generated nearly $2.7 Bil in operating cash flow over this period
• For the same period, KGC generated nearly $1.2 Bil in net income, suggesting net margin of about 21.7%

This table highlights how KGC profitability vs broader market.

[4] Financial Stability Looks Strong

• KGC Debt was $1.2 Bil at the end of the most recent quarter, while its current Market Cap is $29 Bil. This implies Debt-to-Equity Ratio of 4.3%
• KGC Cash (including cash equivalents) makes up $695 Mil of $11 Bil in total Assets. This yields a Cash-to-Assets Ratio of 6.3%

[4] Downturn Resilience Is Weak

KGC has fared worse than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.

2022 Inflation Shock

• KGC stock fell 62.6% from a high of $8.26 on 17 May 2021 to $3.09 on 15 July 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 27 June 2024
• Since then, the stock increased to a high of $24.48 on 23 September 2025 , and currently trades at $23.31

 
2020 Covid Pandemic

• KGC stock fell 41.8% from a high of $5.96 on 21 February 2020 to $3.47 on 13 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
• However, the stock fully recovered to its pre-Crisis peak by 13 April 2020

 
2008 Global Financial Crisis

• KGC stock fell 71.5% from a high of $26.84 on 14 March 2008 to $7.66 on 27 October 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
• The stock is yet to recover to its pre-Crisis high

But the risk is not limited to major market crashes. Stocks fall even when markets are good – think events like earnings, business updates, outlook changes. Read KGC Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.

The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – S&P 500, Russell, and S&P midcap. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.