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LIVE
KGC
Kinross Gold Corporation · Materials / Gold Mining
$22.50
-17.50% this month
VERSUS
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COMPARE
NEM
Newmont Corporation · Materials / Gold Mining
$90.83
-16.24% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
KGC
3
NEM
1
Comparison scoreboard
KGC LEADS 3/5AI Score
KGC ✓58.8
NEM 56.9
1Y Return
KGC +46.47%
NEM ✓+58.38%
Fwd P/E
KGC ✓7.39
NEM 8.67
Target Up.
KGC ✓+59.99%
NEM +42.52%
Op. Margin
KGC N/A
NEM 61.38%
Metrics last refreshed: 7/17/2026
Quick take
KGC vs NEM: Kinross Gold vs Newmont Stock Comparison: AI Score, Valuation, Performance and Upside
Kinross is a mid-tier gold producer with a high-quality mine portfolio in the Americas and West Africa, focused on AISC improvement and Great Bear development, while Newmont is the world's largest gold producer following the Newcrest acquisition, offering scale, Tier 1 mine diversification, and a meaningful dividend yield. Both are pure-play gold producers whose stock prices correlate closely with gold prices.
KGC vs NEM is mid-tier gold leverage vs the world's largest diversified gold compounder — Kinross offers higher leverage to gold price upside given its smaller size; Newmont offers more stability, dividend income, and Tier 1 mine diversification at lower operational risk.
Live analysis · updated 7/17/2026
KGC holds the edge across 3 of 5 key metrics in this comparison. NEM has delivered stronger 1-year price return (+58.38% vs +46.47%), though KGC has the better forward P/E setup (7.39x vs 8.67x for NEM). Analyst consensus implies meaningfully more upside for KGC (+59.99%) than for NEM (+42.52%).
Normalized 1Y performance
KGC
NEM
Recent returns
KGC
NEM
Analyst price targets & sentiment
KGC · 10 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.7/5.0)
Price target range
analyst low$9.30
analyst high$54.00
analyst mean$36.01
current price$22.50
+60.0% upside to analyst mean
NEM
Price target range
analyst mean$135.81
current price$90.83
+42.5% upside to analyst mean
Who should consider this stock?
KGC may suit investors who:
- →want mid-tier gold producer leverage with higher sensitivity to gold price moves than large-cap peers
- →value Kinross's streamlined, lower-geopolitical-risk portfolio in the Americas and Mauritania
- →believe Great Bear's high-grade Ontario deposit creates long-term production growth optionality
- →prefer a smaller, more agile gold company over a large-cap integration story like Newmont
NEM may suit investors who:
- →want the world's largest, most diversified gold producer with Tier 1 mine exposure globally
- →value Newmont's dividend yield as income alongside gold price exposure
- →believe Newcrest integration delivers cost and production improvements over time
- →prefer large-cap gold stability and liquidity over mid-tier leverage
Performance & AI score
| Metric | KGC | NEM |
|---|---|---|
| AI score | 58.8 | 56.9 |
| AI rank | #227 | #263 |
| Latest close | $22.50 | $90.83 |
| 1M return | -17.50% | -16.24% |
| 6M return | -32.14% | -20.43% |
| 1Y return | +46.47% | +58.38% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | KGC | NEM |
|---|---|---|
| 1Y ago | $14.71K (+47.1%) started 2025-07-17 | $15.54K (+55.4%) started 2025-07-16 |
| 5Y ago | $44.32K (+343.2%) started 2021-07-19 | $19.54K (+95.4%) started 2021-07-19 |
| 10Y ago | $51.23K (+412.3%) started 2016-07-18 | $35.5K (+255.0%) started 2016-07-18 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | KGC | NEM |
|---|---|---|
| Market cap | $26.87B | $101.73B |
| Trailing P/E | 9.58 | 12.36 |
| Forward P/E | 7.39 | 8.67 |
| Price/Sales | 3.38 | N/A |
| EV/Revenue | 3.27 | 3.95 |
| Analyst target | $36.01 | $135.81 |
| Target upside | +59.99% | +42.52% |
Growth, profitability & risk
| Metric | KGC | NEM |
|---|---|---|
| Revenue growth | 60.80% | 45.80% |
| Earnings growth | 133.90% | 78.60% |
| EPS growth | +133.90% | +78.60% |
| FCF margin | +35.64% | +39.27% |
| Operating margin | N/A | 61.38% |
| Profit margin | 35.99% | 33.87% |
| ROIC proxy | 35.47% | 25.83% |
| Return on equity | 35.47% | 25.83% |
| Dividend yield | 0.63% | 1.09% |
| Beta | 1.41 | 0.48 |
| Debt/equity | 8.31 | 15.76 |
| Current ratio | 2.84 | 2.44 |
| Quick ratio | 1.79 | 1.89 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
KGC max drawdown40.73%
NEM max drawdown31.16%
KGC max wkly drop16.61%
NEM max wkly drop17.14%
5Y risk snapshot
KGC max drawdown55.22%
NEM max drawdown62.40%
KGC max wkly drop18.80%
NEM max wkly drop18.70%
10Y risk snapshot
KGC max drawdown67.89%
NEM max drawdown62.40%
KGC max wkly drop37.70%
NEM max wkly drop24.55%
Performance metrics by period
| Period | Metric | KGC | NEM |
|---|---|---|---|
| 1Y | Growth | +46.47% | +55.40% |
| CAGR | +46.50% | +55.50% | |
| Sharpe ratio | 0.91 | 1.08 | |
| Max drawdown | 40.73% | 31.16% | |
| Max daily drop | 13.77% | 11.49% | |
| Max wkly drop | 16.61% | 17.14% | |
| 5Y | Growth | +303.86% | +70.40% |
| CAGR | +32.25% | +11.27% | |
| Sharpe ratio | 0.75 | 0.36 | |
| Max drawdown | 55.22% | 62.40% | |
| Max daily drop | 13.77% | 14.70% | |
| Max wkly drop | 18.80% | 18.70% | |
| 10Y | Growth | +358.66% | +174.57% |
| CAGR | +16.46% | +10.63% | |
| Sharpe ratio | 0.46 | 0.34 | |
| Max drawdown | 67.89% | 62.40% | |
| Max daily drop | 15.38% | 14.70% | |
| Max wkly drop | 37.70% | 24.55% |
Business comparison
| Category | KGC | NEM |
|---|---|---|
| Company | Kinross Gold Corporation | Newmont Corporation |
| Sector | Materials / Gold Mining | Basic Materials |
| Industry | N/A | N/A |
| Core business | Canadian mid-tier gold miner with operations in the Americas (US, Brazil, Chile), West Africa (Mauritania, Ghana), and no Russian exposure following asset sales. Kinross produces approximately 2 million gold-equivalent ounces annually. | The world's largest gold mining company following the acquisition of Newcrest Mining, with operations across Nevada, Colorado, Ghana, Australia, Peru, Suriname, and Canada. Newmont produces approximately 6–7 million gold-equivalent ounces annually. |
| Investor focus | All-in sustaining costs (AISC) per ounce, production growth from Tasiast (Mauritania) and Great Bear (Canada) development, and FCF generation at current gold prices. | AISC per ounce vs mid-tier peers, integration and asset divestiture progress following Newcrest acquisition, dividend yield, and production profile from Tier 1 mines. |
KGC strengths
- →Kinross has a streamlined, lower-geopolitical-risk portfolio after exiting Russian operations following the Ukraine invasion
- →Tasiast mine in Mauritania is a high-quality, low-cost asset driving Kinross's production growth
- →Great Bear project in Ontario (acquired 2022) is one of the highest-grade undeveloped gold deposits in the Americas
NEM strengths
- →Newmont is the world's largest gold producer with the most diversified Tier 1 mine portfolio across five continents
- →Significant dividend yield makes Newmont a meaningful income option for gold exposure in equity portfolios
- →Newcrest acquisition added high-quality Australian and Papua New Guinean assets including Cadia (low AISC) and Lihir
Risks to watch — KGC
- →West Africa operations carry geopolitical and permitting risk — Mauritania and Ghana require ongoing relationship management
- →Great Bear development capital requirements are significant and could strain the balance sheet if gold prices weaken
- →Kinross is a mid-tier producer with less scale than Newmont — less diversification against single-mine operational issues
Risks to watch — NEM
- →Post-Newcrest integration complexity has weighed on operational performance — higher-than-expected AISC and execution challenges
- →Newmont plans to divest several non-core mines acquired through Newcrest — asset sale execution affects earnings and leverage
- →At Newmont's scale, production growth is harder to achieve — future ounce growth requires large capital projects with long lead times
Frequently asked questions
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