Stock fact sheet · data as of
Kinross Gold Corporation (KGC): fair value, margin of safety and Wheel Score
Basic Materials · Gold · Canada · High Growth
Is KGC undervalued?
At 23.85 (close of 16 Oct 2026), KGC trades 54% below the GLS average fair value of 52.29. That average comes from 9 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Kinross Gold Corporation the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (2.28) and GLS Growth (161.98). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files KGC under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for KGC
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 8.91 | -63% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 21.95 | -8% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 50.61 | +112% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.63 | -39% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 161.98 | +579% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 78.43 | +229% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 102.41 | +329% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.28 | -90% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 29.40 | +23% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.3606 | -102% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 38.80 | +63% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Kinross Gold Corporation scores 9 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 7.7/10 puts KGC among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 26.0%, ROE 28.4%, ROA 19.6% - with debt at 0.09 times equity and a free-cash-flow yield of 10.9%.
The dividend yield is 0.65% with a payout ratio of 6% - a small yield that leaves most of the earnings in the business.
Institutional ownership scores 8/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 9 / 9 | ROIC | 26.0% |
|---|---|---|---|
| GLS Moat | 7.7 / 10 | ROE | 28.4% |
| Debt / equity | 0.09 | ROA | 19.6% |
| Free-cash-flow yield | 10.9% | Payout ratio | 6% |
| Institutions | 8 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 96: Prime
With a Wheel Score of 96, Kinross Gold Corporation sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 20/20, Moat 12/15, Premium 20/20, Stability 19/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 50% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. The option chain is deep: 228,283 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 8.4M shares a day on a market cap of $28.3B, with a beta of 1.41 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 54% margin of safety | |
| Health | 20 / 20 | Piotroski 9/9 | |
| Moat | 12 / 15 | moat 7.7/10 | |
| Premium | 20 / 20 | implied volatility 50% | |
| Stability | 19 / 20 | 8.4M shares/day, $28.3B cap, beta 1.41 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Kinross Gold Corporation reports earnings on 28 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Gold
The 12 companies below are the closest to Kinross Gold Corporation by market cap within the Gold industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GFI Gold Fields Limited | 37.09 | 102.76 | +64% | 96Prime | $33.0B |
| RGLD Royal Gold, Inc. | 224.84 | 149.52 | -50% | 55Fair | $19.1B |
| PAAS Pan American Silver Corp. | 42.33 | 64.03 | +34% | 85Prime | $17.6B |
| AU AngloGold Ashanti Plc | 91.57 | 173.18 | +47% | 92Prime | $46.3B |
| FNV Franco-Nevada Corporation | 240.88 | 97.29 | -148% | 61Fair | $46.5B |
| CDE Coeur Mining, Inc. | 15.41 | 20.99 | +27% | 81Prime | $15.9B |
| WPM Wheaton Precious Metals Corp. | 129.58 | 79.87 | -62% | 64Fair | $58.9B |
| AGI Alamos Gold Inc. | 31.98 | 61.68 | +48% | 92Prime | $13.4B |
| EQX Equinox Gold Corp. | 11.11 | 19.83 | +44% | 82Prime | $13.0B |
| B Barrick Mining Corporation | 40.55 | 78.99 | +49% | 93Prime | $66.8B |
| HMY Harmony Gold Mining Company Limited | 16.98 | 202.12 | +92% | 95Prime | $10.6B |
| IAG Iamgold Corporation | 17.76 | 54.47 | +67% | 87Prime | $10.1B |
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Start free See the Sunday ScanQuestions about KGC
Is KGC undervalued right now?
By the GLS models, yes: at 23.85 the stock is 54% below the average fair value of 52.29 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of KGC and what does it mean?
KGC scores 96 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for KGC?
52.29 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Kinross Gold Corporation report earnings next?
The next earnings report is due on 28 Oct 2026 (after the close), 12 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does KGC have listed options, and how liquid are they?
Yes. The nightly snapshot found 852 listed contracts with 228,283 open interest across all expiries and implied volatility of 50% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.