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KGC vs NEM
KGC vs NEM Stock Comparison: Earnings Recap After Strong Q4 Results
Key Takeaways
- Kinross Gold (KGC) reported Q4 2025 adjusted EPS of $0.67, beating estimates of $0.55, with revenue of $2.02 billion and record annual free cash flow of $2.47 billion.
- Newmont (NEM) delivered Q4 adjusted EPS of $2.52 versus $2.03 expected, revenue of $6.82 billion, and record full-year free cash flow of $7.3 billion.
- Both miners benefited from elevated gold prices, with KGC producing 484K attributable gold equivalent ounces and NEM 1.45M attributable gold ounces in Q4.
- 2026 guidance shows KGC stable at 2M oz production (AISC $1,730/oz), NEM at 5.3M oz (AISC $1,680/oz), reflecting cost pressures from royalties and inflation.
- Newmont's larger scale and diversified portfolio provide broader exposure, while Kinross demonstrates efficient cash generation relative to size.
- Both stocks trade at forward P/E multiples around 12-17X, with NEM offering a higher dividend yield of 0.8% versus KGC's 0.4%.
Earnings Context and Why This Comparison Matters
Kinross Gold Corporation (KGC) and Newmont Corporation (NEM) are leading gold producers navigating a favorable gold price environment. Recent Q4 2025 earnings highlight operational resilience amid higher costs. As mid-tier and senior producers, respectively, they compete in key regions like the Americas, West Africa, and Australia. Comparing their results reveals insights into scale efficiencies, cost discipline, and growth pipelines, aiding investors in assessing exposure to gold trends and mining fundamentals.
Newmont Focus
Newmont reported Q4 2025 adjusted net income of $2.8 billion ($2.52 per diluted share), surpassing expectations, driven by higher realized gold prices of $4,216 per ounce. Revenue reached $6.82 billion, up 20.6% year-over-year, with attributable gold production of 1.453 million ounces. Full-year 2025 marked records: $7.6 billion adjusted net income ($6.89 EPS), $22.7 billion revenue, 5.9 million attributable gold ounces, and $7.3 billion free cash flow. By-product AISC was $1,358 per ounce.
For 2026, Newmont guides 5.3 million attributable gold ounces (3.9 million from managed operations), by-product AISC of $1,680 per ounce (+/-5%), sustaining capex $1.95 billion, and development capex $1.4 billion. Key drivers include ramp-ups at Ahafo North and Tanami, offset by sequencing at Peñasquito and Cadia. The company returned $3.4 billion to shareholders in 2025 and strengthened its balance sheet to a $2.1 billion net cash position.
Kinross Gold Context
Kinross posted Q4 adjusted net earnings of $809 million ($0.67 per share), exceeding forecasts, with revenue of $2.02 billion (up 43% YoY) on higher gold prices of $4,144 per ounce. Attributable production was 484 thousand gold equivalent ounces, AISC $1,825 per ounce. Full-year highlights included $2.24 billion adjusted net earnings ($1.84 EPS), $7.05 billion revenue, 2.01 million ounces, record $2.47 billion attributable free cash flow, and net cash of $1 billion after debt repayment and $752 million shareholder returns.
2026 outlook maintains 2 million attributable gold equivalent ounces (+/-5%), production cost of sales $1,360 per ounce, AISC $1,730 per ounce, and capex $1.5 billion (70% non-sustaining). Stability extends to 2027-2028, supported by U.S. projects and Tasiast grades. Dividend rose 14% to $0.04 quarterly.
Head-to-Head Earnings and Market Comparison
Newmont's scale yields superior production (5.9M vs. 2M oz annually) and cash flow ($7.3B vs. $2.5B), with diversified by-products (copper, silver) bolstering margins. Kinross excels in per-ounce efficiency, posting stronger EPS growth and record FCF relative to size. Both beat Q4 estimates, fueled by gold prices above $4,000/oz, but face 2026 AISC inflation (10%+ rises) from royalties (gold price-linked) and sequencing.
Risk profiles differ: NEM's global tier-1 assets offer reserve depth (118M oz), but expose to larger capex and geopolitical factors; KGC's focused portfolio (Tasiast, Paracatu) drives agility but heightens single-asset reliance. Market caps reflect this—NEM ~$137B (P/E 19.5), KGC ~$41B (P/E 23)—with sentiment favoring NEM's dividend (0.8% yield) and buybacks.
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Tickeron AI Verdict
Tickeron AI favors NEM with 65% probability over the next 6-12 months, citing superior earnings quality from diversified output, unmatched reserve life, and robust FCF for capital returns amid stable gold trends. KGC trails due to modest scale despite efficiency gains.
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 KGC is a StrongBuy and NEM is a Buy.
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 undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
KGC’s FA Score shows that 3 FA rating(s) are green whileNEM’s FA Score has 1 green FA rating(s).
- KGC’s FA Score: 3 green, 2 red.
- NEM’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.
KGC’s TA Score shows that 6 TA indicator(s) are bullish while NEM’s TA Score has 5 bullish TA indicator(s).
- KGC’s TA Score: 6 bullish, 4 bearish.
- NEM’s TA Score: 5 bullish, 5 bearish.
Price Growth
KGC (@Precious Metals) experienced а +7.17% price change this week, while NEM (@Precious Metals) price change was +6.01% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +3.66%. For the same industry, the average monthly price growth was -1.39%, and the average quarterly price growth was +77.66%.
Reported Earning Dates
KGC is expected to report earnings on Apr 29, 2026.
NEM is expected to report earnings on Apr 23, 2026.
Industries' Descriptions
@Precious Metals (+3.66% 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.
| KGC | NEM | KGC / NEM | |
| Capitalization | 40.5B | 131B | 31% |
| EBITDA | 4.38B | 14.1B | 31% |
| Gain YTD | 20.068 | 21.327 | 94% |
| P/E Ratio | 17.32 | 18.92 | 92% |
| Revenue | 7.05B | 22.7B | 31% |
| Total Cash | 887M | 8.24B | 11% |
| Total Debt | 738M | 5.59B | 13% |
KGC | NEM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 50 | 50 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 20 Undervalued | 56 Fair valued | |
PROFIT vs RISK RATING 1..100 | 18 | 36 | |
SMR RATING 1..100 | 30 | 40 | |
PRICE GROWTH RATING 1..100 | 39 | 7 | |
P/E GROWTH RATING 1..100 | 64 | 54 | |
SEASONALITY SCORE 1..100 | 50 | 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 (20) in the Precious Metals industry is somewhat better than the same rating for NEM (56). This means that KGC’s stock grew somewhat faster than NEM’s over the last 12 months.
KGC's Profit vs Risk Rating (18) in the Precious Metals industry is in the same range as NEM (36). This means that KGC’s stock grew similarly to NEM’s over the last 12 months.
KGC's SMR Rating (30) in the Precious Metals industry is in the same range as NEM (40). This means that KGC’s stock grew similarly to NEM’s over the last 12 months.
NEM's Price Growth Rating (7) in the Precious Metals industry is in the same range as KGC (39). This means that NEM’s stock grew similarly to KGC’s over the last 12 months.
NEM's P/E Growth Rating (54) in the Precious Metals industry is in the same range as KGC (64). This means that NEM’s stock grew similarly to KGC’s over the last 12 months.
| KGC | NEM | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 86% | 4 days ago 69% |
| Stochastic ODDS (%) | 4 days ago 70% | 4 days ago 67% |
| Momentum ODDS (%) | 4 days ago 81% | 4 days ago 74% |
| MACD ODDS (%) | 4 days ago 81% | 4 days ago 68% |
| TrendWeek ODDS (%) | 4 days ago 81% | 4 days ago 76% |
| TrendMonth ODDS (%) | 4 days ago 80% | 4 days ago 80% |
| Advances ODDS (%) | 6 days ago 80% | 4 days ago 76% |
| Declines ODDS (%) | 8 days ago 66% | 25 days ago 66% |
| BollingerBands ODDS (%) | 4 days ago 83% | 4 days ago 54% |
| Aroon ODDS (%) | 4 days ago 65% | 4 days ago 68% |
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