Is KGC or MUX more undervalued in 2026?

CirclFi compares Kinross Gold Corporation (KGC) and McEwen Inc. (MUX) using 13 institutional-grade valuation models. KGC has a Quality of Company score of 9.4/10 while MUX scores 7.1/10.

Which is a better buy — KGC or MUX?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do KGC and MUX valuations compare?

KGC at $30.18 and MUX at $21.89 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

KGC vs MUX Valuation Comparison 2026 — Intrinsic Value Analysis

KGC

Gold and Silver Ores

Kinross Gold Corporation

Quality

9.4

out of 10

Value Trap

—

Price

$30.18

Last close

Models

13/13

Active

MUX

Gold and Silver Ores

McEwen Inc.

Quality

7.1

out of 10

Value Trap

WARN

Price

$21.89

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	KGC Fair Value	KGC Upside	MUX Fair Value	MUX Upside
Bayesian DCF	Intrinsic	$40.69	+34.8%	$1.13	-94.8%
Earnings Power Value	Intrinsic	$24.45	-19.0%	$3.28	-85.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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KGC vs MUX — Which Stock Is More Undervalued?

KGC scores higher with a 9.4/10 quality rating vs MUX's 7.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Kinross Gold Corporation (KGC) and McEwen Inc. (MUX) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

KGC currently trades at $30.18 with a QOC of 9.4/10, while MUX trades at $21.89 with a QOC of 7.1/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).