AU vs AEM vs KGC Stock Comparison

AngloGold Ashanti, Agnico Eagle Mines and Kinross Gold Prices as of Oct 23, 2026 Peers: Industry group
AU AngloGold Ashanti PLC
$83.57 -15.4% 1M +21.8% 1Y
Market cap
$43.27B
P/E
11.4x
Revenue (TTM)
$11.83B
Div. yield
–
Gold Basic Materials
4 wins
AEM Agnico Eagle Mines Ltd
$173.89 -11.1% 1M +5.6% 1Y
Market cap
$88.25B
P/E
15.0x
Revenue (TTM)
$14.53B
Div. yield
–
Gold Basic Materials
3 wins
KGC Kinross Gold Corp
$22.33 -19.1% 1M -6.6% 1Y
Market cap
$27.30B
P/E
8.7x
Revenue (TTM)
$8.47B
Div. yield
0.00%
Gold Basic Materials
4 wins

Head to Head

11 decided of 12

Kinross Gold leads on 4 of the 12 questions below (Kinross Gold 4, AngloGold Ashanti 4, Agnico Eagle Mines 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAUAEMKGCLeader
Larger companyMarket capitalisation $43.27B $88.25B $27.30B AEM
Cheaper on earningsLower P/E, profitable companies only 11.4x 15.0x 8.7x KGC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.6x 15.9x 9.5x KGC
Faster revenue growthRevenue growth, trailing twelve months +54.6% +50.3% +39.5% AU
More profitableNet margin, trailing twelve months 32.2% 40.4% 36.9% AEM
Better return on capitalReturn on invested capital 40.5% 23.3% 40.9% KGC
Less leveragedLower net debt / EBITDA — -0.3x -0.3x KGC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +21.8% +5.6% -6.6% AU
Better 5-year returnAnnualised price return, 5 years +33.8%/yr +25.0%/yr +28.7%/yr AU
Less volatileAnnualised volatility, 1 year 60.4% 48.3% 54.5% AEM
Higher overall scoreMean of the five percentile scores vs peers 81/100 78/100 81/100 AU

Percentile Scorecard

AUAEMKGC

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAUAEMKGC
Valuation 76 #40 of 162 66 #56 of 162 86 #24 of 162
Growth 88 #18 of 147 75 #38 of 147 85 #23 of 147
Profitability 97 #5 of 122 95 #7 of 122 99 #2 of 122
Financial Health 49 #85 of 166 77 #39 of 166 73 #46 of 166
Shareholder Returns 97 #4 of 107 79 #23 of 107 63 #40 of 107
Overall 81 78 81
  • AU ranked among 176 companies in Metals and Mining
  • AEM ranked among 176 companies in Metals and Mining
  • KGC ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAUAEMKGCSPY
1 month -15.4%-11.1%-19.1% -1.0%
3 months +4.9%+19.8%-6.4% +2.9%
6 months -15.8%-13.2%-31.9% +6.4%
Year to date -2.0%+2.6%-20.7% +11.4%
1 year +21.8%+5.6%-6.6% +13.1%
3 years +347.1%+251.7%+314.3% +79.4%
3 years, per year +64.8%+52.1%+60.7% +21.5%
5 years +328.1%+204.4%+253.3% +67.7%
5 years, per year +33.8%+25.0%+28.7% +10.9%
10 years +502.1%+254.5%+469.6% +255.2%
10 years, per year +19.7%+13.5%+19.0% +13.5%

Risk

MeasureAUAEMKGCSPY
Volatility, 1Y 60.4%48.3%54.5% 12.7%
Downside volatility, 1Y 62.1%51.1%57.4% 12.7%
Beta vs S&P 500, 1Y 2.131.671.89 1.00
Return / volatility, 1Y 0.360.12-0.12 1.03
Max drawdown, 5Y -52.8%-45.9%-56.0% -25.4%
From 52-week high -34.8%-31.0%-41.3% -2.5%
52-week high $128.26$252.19$38.07 $779.14
52-week low $63.61$136.36$22.21 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAUAEMKGC
P/E now vs peer median 11.2xmedian 12.7x 14.9xmedian 12.7x 8.7xmedian 12.7x
P/S now vs peer median 3.6xmedian 3.1x 6.0xmedian 3.1x 3.2xmedian 3.1x
EV/EBITDA now vs peer median —median 6.9x 7.4xmedian 6.9x 4.5xmedian 6.9x
P/FCF now vs peer median 6.7xmedian 15.1x 16.0xmedian 15.1x 6.8xmedian 15.1x
P/B now vs peer median 4.7xmedian 2.1x 3.0xmedian 2.1x 2.7xmedian 2.1x
PEG now vs peer median —median 0.27 0.52median 0.27 0.08median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAUAEMKGC
Revenue $11.83B $14.53B $8.47B
Gross profit $6.48B $9.99B $4.89B
Operating income $4.91B $9.64B $4.46B
Net income $4.48B $5.87B $3.23B
Free cash flow $6.34B $5.43B $3.93B
R&D $259.00M $226.87M $177.70M
EPS (diluted) $7.48 $11.67 $2.55
Cash & equivalents $2.78B $3.46B $2.66B
Total debt $1.57B $785.64M $4.67B
Shares (diluted) 509.09M 503.43M 1.22B
Enterprise value $31.16B $77.88B $18.14B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAUAEMKGC
P/E 11.2x 14.9x 8.7x
P/FCF 6.7x 16.0x 6.8x
P/Operating cash flow 6.8x 11.7x 5.4x
P/S 3.6x 6.0x 3.2x
P/B 4.7x 3.0x 2.7x
P/Tangible book 4.7x 3.0x 2.7x
EV/EBITDA – 7.4x 4.5x
EV/EBIT 8.3x 8.7x 5.6x
EV/Revenue 3.5x 5.8x 2.9x
EV/FCF 6.4x 15.4x 6.3x
EV/Operating cash flow 6.6x 11.3x 5.0x
PEG (3Y EPS CAGR) – 0.52 0.08

Growth

14 metrics
MetricAUAEMKGC
Revenue growth (1Y) 54.6% 50.3% 39.5%
Revenue CAGR (3Y) – 33.8% 28.9%
Gross profit growth (1Y) 97.4% 72.8% 77.5%
Gross profit CAGR (3Y) – 44.0% 87.4%
Operating income growth (1Y) 165.2% 49.1% 86.2%
Operating income CAGR (3Y) – 42.3% 137.5%
Net income growth (1Y) 115.8% 98.5% 98.6%
Net income CAGR (3Y) – 34.7% 48.0%
EPS growth (1Y) 78.5% 97.4% 118.1%
EPS CAGR (3Y) – 28.7% 112.1%
Operating cash flow growth (1Y) 103.4% 45.3% 46.5%
Operating cash flow CAGR (3Y) – 47.2% 47.9%
Free cash flow growth (1Y) 108.6% 55.8% -11.6%
Free cash flow CAGR (3Y) – 11.0% 27.1%

Profitability

14 metrics
MetricAUAEMKGC
Gross margin 54.8% 68.8% 57.7%
EBITDA margin – 78.0% 65.7%
Operating margin 41.5% 66.3% 52.6%
Pretax margin 51.7% 60.4% 52.4%
Net margin 32.2% 40.4% 36.9%
FCF margin 53.6% 37.4% 46.4%
Operating cash flow margin 52.3% 51.1% 58.4%
Return on equity 46.3% 21.4% 34.0%
Return on assets 28.7% 16.1% 24.4%
Return on invested capital 40.5% 23.3% 40.9%
Return on capital employed 35.2% 27.9% –
Asset turnover 0.8x 0.4x 0.6x
Cash conversion (OCF / net income) 1.4x 1.3x 1.5x
Stock comp / revenue – 0.7% 0.2%

Financial Health

11 metrics
MetricAUAEMKGC
Debt / assets 10.1% 0.5% 5.9%
Debt / equity 0.2x 0.0x 0.1x
Net debt / EBITDA – -0.3x -0.3x
Debt / FCF 0.2x 0.0x 0.2x
Liabilities / assets 42.4% 24.3% 28.1%
Equity / assets 57.6% 75.7% 71.9%
Interest coverage – 131.9x 27.8x
Current ratio 2.7x 2.9x –
Quick ratio 2.1x 1.8x –
Cash ratio 1.8x 1.8x –
Altman Z-score – 7.32 –

Shareholder Returns

7 metrics
MetricAUAEMKGC
Dividend yield 5.4% 1.0% 0.7%
Net buyback yield – 0.3% 1.1%
Shareholder yield 5.4% 1.3% 1.8%
Payout ratio (earnings) – – 4.0%
Payout ratio (FCF) – – 3.3%
Dividend growth (1Y) – – -11.8%
Dividend CAGR (3Y) – – -6.3%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAUAEMKGC
Forward P/E 9.6xFY2026 15.9xFY2026 9.5xFY2026
EPS, next fiscal year $8.67FY2026 $10.91FY2026 $2.36FY2026
EPS growth, next FY +61.5%FY2026 +32.7%FY2026 +29.0%FY2026
EPS growth, the year after +11.0% +3.8% +7.2%
Revenue, next fiscal year $11.91BFY2026 $14.34BFY2026 $8.25BFY2026
Revenue growth, next FY +22.5%FY2026 +21.4%FY2026 +17.4%FY2026
Revenue growth, the year after +4.2% +3.0% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAUAEMKGC
Held by institutions 45.9% 62.5% 59.3%
Institutions holding 563 1,053 640
Change in shares held, QoQ +3.0% -0.6% +0.7%
Institutions buying 323 467 313
Institutions selling 166 396 224
Buyers to sellers 1.95 1.18 1.40

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AUAEMKGC
AU 1.00 0.87 0.87
AEM 0.87 1.00 0.91
KGC 0.87 0.91 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AU, AEM and KGC?

Agnico Eagle Mines (AEM) is the largest by market capitalisation: AngloGold Ashanti (AU) $43.27B, Agnico Eagle Mines (AEM) $88.25B, Kinross Gold (KGC) $27.30B.

Which stock is cheaper, AU, AEM and KGC?

Kinross Gold (KGC) trades on the lowest price-to-earnings ratio (AngloGold Ashanti (AU) 11.4x, Agnico Eagle Mines (AEM) 15.0x, Kinross Gold (KGC) 8.7x). On next year's consensus earnings, Kinross Gold (KGC) is cheapest (AngloGold Ashanti (AU) 9.6x, Agnico Eagle Mines (AEM) 15.9x, Kinross Gold (KGC) 9.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

AngloGold Ashanti (AU) grew revenue fastest over the trailing twelve months: AngloGold Ashanti (AU) +54.6%, Agnico Eagle Mines (AEM) +50.3%, Kinross Gold (KGC) +39.5%.

Which company is more profitable?

Agnico Eagle Mines (AEM) has the highest net margin (AngloGold Ashanti (AU) 32.2%, Agnico Eagle Mines (AEM) 40.4%, Kinross Gold (KGC) 36.9%). On return on invested capital, Kinross Gold (KGC) leads (AngloGold Ashanti (AU) 40.5%, Agnico Eagle Mines (AEM) 23.3%, Kinross Gold (KGC) 40.9%).

Which stock has performed better?

Over the past year AngloGold Ashanti (AU) returned the most: AngloGold Ashanti (AU) +21.8%, Agnico Eagle Mines (AEM) +5.6%, Kinross Gold (KGC) -6.6%. Over five years, AngloGold Ashanti (AU) compounded fastest (AngloGold Ashanti (AU) +33.8%/yr, Agnico Eagle Mines (AEM) +25.0%/yr, Kinross Gold (KGC) +28.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: AngloGold Ashanti (AU) 0.00%, Agnico Eagle Mines (AEM) 0.00%, Kinross Gold (KGC) 0.00%. AngloGold Ashanti (AU) and Agnico Eagle Mines (AEM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Agnico Eagle Mines (AEM) has been the steadiest (AngloGold Ashanti (AU) 60.4%, Agnico Eagle Mines (AEM) 48.3%, Kinross Gold (KGC) 54.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AU, AEM and KGC?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Kinross Gold (KGC) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.