KGC vs NEM

Kinross Gold Corporation vs Newmont Corporation — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — NEM scores higher on quality with 9.9/10 vs KGC's 9.4/10. KGC trades at $28.99 while NEM trades at $109.50. Both analyzed daily using SEC EDGAR data across 13 institutional models.

KGC

Gold
Kinross Gold Corporation
Quality
9.4
out of 10
Value Trap
Price
$28.99
Last close
Models
13/13
Active
VS

NEM

Gold
Newmont Corporation
Quality
9.9
out of 10
Value Trap
6
SAFE
Price
$109.50
Last close
Models
13/13
Active
KGC
Bayesian DCF sees +36.7% upside
Limited to 2/13 visible models
NEM
Quality Score 9.9/10 — top tier
Limited to 2/13 visible models

KGC vs NEM — Fair Value Comparison

KGC
$0$16$31$47 Price$28.99 Bayesian …$39.63 (+36.7%) Earnings …$24.06 (-17.0%)
NEM
$0$43$86$129 Price$109.50 Bayesian …$46.53 (-57.5%) Earnings …$69.00 (-37.0%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType KGC Fair ValueKGC Upside NEM Fair ValueNEM Upside
Bayesian DCF Intrinsic $39.63 +36.7% $46.53 -57.5%
Earnings Power Value Intrinsic $24.06 -17.0% $69.00 -37.0%
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 $•••.•• ••.•% $•••.•• ••.•%

KGC vs NEM — Which Stock Is More Undervalued in 2026?

NEM scores higher with a 9.9/10 quality rating vs KGC's 9.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do KGC and NEM Valuations Compare?

At $28.99, KGC trades +36.7% below its Bayesian DCF fair value of $39.63, while NEM at $109.50 trades +57.5% above its estimate of $46.53. NEM shows a wider gap between price and intrinsic value.

Quality of Company: KGC vs NEM

KGC earns a Quality of Company score of 9.4/10 compared to NEM's 9.9/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: KGC vs NEM

Review the value trap analysis for both KGC and NEM to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Gold

Both KGC and NEM operate in Gold, which has 50 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. 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), and ensemble methods (CUCE).

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