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AEM vs KGC
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Kinross Gold (KGC) Stock Comparison
Key Takeaways
- Both AEM and KGC are senior gold producers, but AEM operates a larger, higher-grade portfolio concentrated in Canada and Europe, while KGC relies heavily on its Paracatu (Brazil) and Tasiast (Mauritania) mines.
- AEM is a larger, more diversified producer, guiding to roughly 3.3–3.5 million ounces for 2026, versus KGC's lowered outlook of about 1.84–1.86 million ounces.
- On cost efficiency, AEM has maintained a lower all-in sustaining cost (AISC, a measure of total production cost per ounce) than KGC, supporting stronger margins in recent quarters.
- KGC trades at a notable valuation discount and carries a net cash position, but its shares have lagged the gold-mining industry over the past year amid production guidance cuts.
- Both companies have returned record cash to shareholders, though recent operational setbacks — a pit wall incident at AEM and weather-driven disruptions at KGC — have introduced near-term execution risk.
- For ongoing coverage, explore AEM Major News and AEM Today's Price Move, as well as KGC Major News and KGC Today's Price Move, for real-time updates on these tickers.
- Discover how automated systems are positioning across the sector by exploring Trending AI Robots.
Introduction
Gold miners have been among the market's most closely watched segments over the past year, as record bullion prices boosted earnings while cost inflation and operational disruptions tested execution. This stock comparison examines two major Canadian producers — Agnico Eagle Mines (AEM) and Kinross Gold (KGC) — to assess their relative performance and market positioning. Investors weighing senior gold exposure often look at these names for different reasons: AEM is viewed as a premium, diversified operator, while KGC is frequently cited for its lower valuation and turnaround potential. This comparison is relevant to both long-term investors seeking gold-sector diversification and traders monitoring momentum shifts within the mining complex.
AEM Overview and Recent Performance
Agnico Eagle Mines (AEM) is a senior gold producer with operations primarily in Canada, as well as Finland, Australia, and Mexico. The company has benefited from sharply higher realized gold prices in recent quarters, reporting record operating margins, record free cash flow (FCF, the cash left after capital spending), and a rising dividend, which was recently increased by 12.5% to $0.45 per share. Recent market activity, however, has been mixed: after a strong multi-month advance, AEM shares pulled back in recent weeks as analysts reassessed valuation and flagged operational risk at the Canadian Malartic and Odyssey complex. A rock movement at the Barnat pit prompted management to guide 2026 production toward the lower end of its 3.3–3.5 million ounce range. Even so, the company's growth pipeline — including Hope Bay, Detour Lake, and Upper Beaver — remains a key driver of sentiment.
KGC Overview and Recent Performance
Kinross Gold (KGC) is a senior gold miner with a geographically diverse portfolio spanning the United States, Brazil, Chile, and Mauritania. Its two largest and lowest-cost assets, Paracatu and Tasiast, have delivered strong, consistent output, helping the company post consecutive quarterly records for free cash flow. In recent weeks, however, KGC lowered its 2026 and 2027 production outlook after extreme winter weather disrupted the La Coipa operation and weaker grades and recoveries affected Round Mountain. In response, management raised its return-of-capital target to 50% of free cash flow and increased its quarterly dividend by 14%. Kinross has also built a net cash position of roughly $1.9 billion, which supports its development projects, though its shares have underperformed the broader gold-mining industry over the past year.
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Head-to-Head Comparison
While both companies mine gold, their business models differ meaningfully. AEM operates a larger, higher-grade, lower-cost portfolio with annual output more than 1.7 times that of KGC, and it carries an AISC (all-in sustaining cost) that has run materially below Kinross's in recent quarters. This cost advantage translates into stronger margins per ounce. KGC, by contrast, trades at a lower forward earnings multiple and holds a net cash position, which some investors view as offering greater valuation headroom and balance-sheet flexibility.
Growth drivers also differ. AEM is advancing a deep pipeline of Canadian projects, while KGC is focused on bringing new U.S. projects (Round Mountain Phase X, Curlew, and Redbird) and the Great Bear and Lobo-Marte assets into production later this decade. On risk, AEM faces near-term execution questions tied to the Barnat pit incident, whereas KGC has contended with weather-driven disruptions and higher relative costs. Sector exposure is similar — both are pure-play senior gold miners leveraged to bullion prices — but market sentiment has favored AEM's premium quality profile over KGC's value-oriented proposition in recent periods.
Tickeron AI Verdict
Based on observable factors such as trend consistency, cost positioning, and relative stability, Tickeron's AI would likely lean toward AEM in the current environment. Its lower all-in sustaining costs, larger diversified production base, and stronger margin profile provide a more consistent fundamental backdrop, even as its premium valuation and the Barnat pit setback temper the near-term outlook. KGC offers a more attractive valuation and a clean net cash position, but its production guidance reductions and higher relative costs introduce additional uncertainty. This view is probabilistic rather than definitive: momentum and catalyst timing could shift the relative picture quickly in a sector as volatile as gold mining.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AEM is a StrongBuy and KGC is a Hold.
AEM in upward trend: price may ascend as a result of having broken its lower Bollinger Band on October 22, 2026
AEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 29 of 37 cases where AEM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +7.07% 3-day Advance, the price is estimated to grow further. Considering data from situations where AEM advanced for three days, in 252 of 325 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 44 of 67 cases where AEM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 66%.
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on AEM as a result. In 48 of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 65%.
The Moving Average Convergence Divergence Histogram (MACD) for AEM turned negative on October 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 55 similar instances when the indicator turned negative. In 36 of the 55 cases the stock turned lower in the days that followed. This puts the odds of success at 65%.
AEM moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AEM crossed bearishly below the 50-day moving average on October 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AEM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
The Aroon Indicator for AEM entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 41 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 43 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 56 (best 1 - 100 worst), indicating steady price growth. AEM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 87 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.079) is normal, around the industry mean (1.844). P/E Ratio (14.841) is within average values for comparable stocks, (-15.573). AEM's Projected Growth (PEG Ratio) (30.116) is very high in comparison to the industry average of (2.614). Dividend Yield (0.010) settles around the average of (0.359) among similar stocks. P/S Ratio (6.766) is also within normal values, averaging (7.321).
KGC in downward trend: 10-day moving average broke below 50-day moving average on September 25, 2026
The 10-day moving average for KGC crossed bearishly below the 50-day moving average on September 25, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 79%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 43 of 68 cases where KGC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 63%.
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on KGC as a result. In 42 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 54%.
KGC moved below its 50-day moving average on September 24, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KGC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 67%.
The Aroon Indicator for KGC entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where KGC's RSI Indicator exited the oversold zone, 15 of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.
The Moving Average Convergence Divergence (MACD) for KGC just turned positive on October 15, 2026. Looking at past instances where KGC's MACD turned positive, the stock continued to rise in 52 of 58 cases over the following month. The odds of a continued upward trend are 90%.
Following a +8.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where KGC advanced for three days, in 261 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
KGC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 28 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 42 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 57 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.745) is normal, around the industry mean (1.844). P/E Ratio (8.462) is within average values for comparable stocks, (-15.573). Projected Growth (PEG Ratio) (0.140) is also within normal values, averaging (2.614). Dividend Yield (0.007) settles around the average of (0.359) among similar stocks. P/S Ratio (3.967) is also within normal values, averaging (7.321).
The Tickeron Price Growth Rating for this company is 76 (best 1 - 100 worst), indicating slightly worse than average price growth. KGC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 91 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
AEM | KGC | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 74 | 67 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 57 Fair valued | |
PROFIT vs RISK RATING 1..100 | 41 | 42 | |
SMR RATING 1..100 | 43 | 28 | |
PRICE GROWTH RATING 1..100 | 56 | 76 | |
P/E GROWTH RATING 1..100 | 87 | 91 | |
SEASONALITY SCORE 1..100 | n/a | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
KGC's Valuation (57) in the Precious Metals industry is somewhat better than the same rating for AEM (100) in the null industry. This means that KGC’s stock grew somewhat faster than AEM’s over the last 12 months.
AEM's Profit vs Risk Rating (41) in the null industry is in the same range as KGC (42) in the Precious Metals industry. This means that AEM’s stock grew similarly to KGC’s over the last 12 months.
KGC's SMR Rating (28) in the Precious Metals industry is in the same range as AEM (43) in the null industry. This means that KGC’s stock grew similarly to AEM’s over the last 12 months.
AEM's Price Growth Rating (56) in the null industry is in the same range as KGC (76) in the Precious Metals industry. This means that AEM’s stock grew similarly to KGC’s over the last 12 months.
AEM's P/E Growth Rating (87) in the null industry is in the same range as KGC (91) in the Precious Metals industry. This means that AEM’s stock grew similarly to KGC’s over the last 12 months.
| AEM | KGC | |
|---|---|---|
| RSI ODDS (%) | N/A | 2 days ago 79% |
| Stochastic ODDS (%) | 2 days ago 66% | 2 days ago 63% |
| Momentum ODDS (%) | 2 days ago 65% | 2 days ago 54% |
| MACD ODDS (%) | 2 days ago 65% | 2 days ago 90% |
| TrendWeek ODDS (%) | 2 days ago 63% | 2 days ago 63% |
| TrendMonth ODDS (%) | 2 days ago 61% | 2 days ago 66% |
| Advances ODDS (%) | 9 days ago 78% | 9 days ago 79% |
| Declines ODDS (%) | 2 days ago 70% | 2 days ago 67% |
| BollingerBands ODDS (%) | 2 days ago 78% | 2 days ago 79% |
| Aroon ODDS (%) | 2 days ago 59% | 2 days ago 72% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AEM’s FA Score shows that 0 FA rating(s) are green while KGC’s FA Score has 1 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- KGC’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AEM’s TA Score shows that 2 TA indicator(s) are bullish while KGC’s TA Score has 4 bullish TA indicator(s).
- AEM’s TA Score: 2 bullish, 7 bearish.
- KGC’s TA Score: 4 bullish, 6 bearish.
Price Growth
AEM (@Precious Metals) experienced а -8.23% price change this week, while KGC (@Precious Metals) price change was -6.99% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was -7.86%. For the same industry, the average monthly price growth was -18.09%, and the average quarterly price growth was -16.82%.
Reported Earning Dates
AEM is expected to report earnings on Oct 28, 2026.
KGC is expected to report earnings on Oct 28, 2026.
Industries' Descriptions
@Precious Metals (-7.86% weekly)The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.
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