Kinross Gold Corporation (KGC) - Stock Analysis
Last updated: Jan 13, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Kinross Gold offers a compelling short-term opportunity due to record free cash flow, a credit upgrade, multiple active projects expanding production, strong gold price environment, and a robust 14% price gain over 21 days, supporting near-term appreciation.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High FCF conversion ⢠Strong liquidity ⢠Elevated capex KGC's latest quarter shows materially improved profitability and cash generation (FCF conversion ~42%, EBITDA margin 63%) with healthy liquidity and moderate leverage, though high capex, heavy asset intensity and historical retained deficits remain key risks.
Price Behavior
Key Price Behavior Insights: ⢠Uptrend continuation ⢠Established support ⢠Shortâterm overbought Support Level: $29.70 Resistance Level: $32.95 Over the last month KGC has trended upward from about $28.34 to a recent high near $32.95, breaking midâDecember resistance (~$29.70) that may now act as support, though the accelerated rally and sparse pullbacks signal shortâterm overbought risk and possible volatility.
Sentiment & News
Key News Insights: ⢠Record output ⢠Robust free cash ⢠Analyst buy ratings Kinross Gold is experiencing a strong rallyâover 81% in six monthsâdriven by record production, $3.4B free cash flow funding growth, debt reduction and payouts, and broadly positive analyst sentiment ahead of key project updates.
AI Summary
Kinross has shifted from a leveraged gold-price play to a cash-returning, deârisked growth storyârecord FCF, net cash and a credit upgrade now fund outsized buybacks/dividends and selective project funding, but the investment hinges on sustained realized gold prices and onâtime, onâbudget project sanctions (monitor buyback pace, AISC/tax timing and clear sanction/ramp timelines).
Description
Kinross Gold Corporation and its subsidiaries acquire, explore and develop gold properties across the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania. The company conducts mining and ore-processing operations, undertakes site reclamation, and sells silver produced alongside gold. Founded in 1993, Kinross is headquartered in Toronto, Canada.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Jan 16 | Jan 23 | KGC | Kinross Gold Corporation | Kinross Gold offers a compelling short-term opportunity due to record free cash flow, a credit upgrade, multiple active projects expanding production, strong gold price environment, and a robust 14% price gain over 21 days, supporting near-term appreciation. | Active | +0.0% |