KGC vs AU vs BTG Stock Comparison

Kinross Gold, AngloGold Ashanti and B2Gold Prices as of Oct 28, 2026 Peers: Industry group
KGC Kinross Gold Corp
$22.98 -4.6% 1M -0.4% 1Y
Market cap
$26.21B
P/E
8.3x
Revenue (TTM)
$8.44B
Div. yield
0.00%
Gold Basic Materials
3 wins
AU AngloGold Ashanti PLC
$87.30 -5.9% 1M +32.4% 1Y
Market cap
$43.22B
P/E
11.4x
Revenue (TTM)
$11.83B
Div. yield
–
Gold Basic Materials
5 wins
BTG B2Gold Corp
$5.13 -2.7% 1M +4.7% 1Y
Market cap
$6.59B
P/E
8.0x
Revenue (TTM)
—
Div. yield
–
Gold Basic Materials
3 wins

Head to Head

11 decided of 12

AngloGold Ashanti leads on 5 of the 12 questions below (AngloGold Ashanti 5, B2Gold 3, Kinross Gold 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionKGCAUBTGLeader
Larger companyMarket capitalisation $26.21B $43.22B $6.59B AU
Cheaper on earningsLower P/E, profitable companies only 8.3x 11.4x 8.0x BTG
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.7x 10.2x 8.8x BTG
Faster revenue growthRevenue growth, trailing twelve months +31.0% +54.6% — AU
More profitableNet margin, trailing twelve months 37.6% 32.2% — KGC
Better return on capitalReturn on invested capital 41.6% 40.5% 44.5% BTG
Less leveragedLower net debt / EBITDA -0.3x — 0.1x KGC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -0.4% +32.4% +4.7% AU
Better 5-year returnAnnualised price return, 5 years +30.8%/yr +36.4%/yr +4.4%/yr AU
Less volatileAnnualised volatility, 1 year 54.3% 60.1% 60.4% KGC
Higher overall scoreMean of the five percentile scores vs peers 77/100 81/100 76/100 AU

Percentile Scorecard

KGCAUBTG

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

AxisKGCAUBTG
Valuation 88 #21 of 162 75 #42 of 162 92 #14 of 162
Growth 82 #27 of 147 88 #18 of 147 84 #24 of 147
Profitability 100 #1 of 122 97 #5 of 122 96 #6 of 122
Financial Health 76 #40 of 164 49 #84 of 164 64 #60 of 164
Shareholder Returns 41 #64 of 107 97 #4 of 107 44 #60 of 107
Overall 77 81 76
  • KGC ranked among 176 companies in Metals and Mining
  • AU ranked among 176 companies in Metals and Mining
  • BTG 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

PeriodKGCAUBTGSPY
1 month -4.6%-5.9%-2.7% +0.9%
3 months -1.0%+12.0%+36.8% +5.9%
6 months -23.0%-3.5%+19.0% +8.5%
Year to date -18.4%+2.4%+13.7% +13.3%
1 year -0.4%+32.4%+4.7% +12.4%
3 years +332.8%+355.2%+57.8% +88.1%
3 years, per year +63.0%+65.8%+16.4% +23.5%
5 years +282.4%+372.4%+23.9% +68.2%
5 years, per year +30.8%+36.4%+4.4% +11.0%
10 years +514.4%+545.7%+84.5% +263.4%
10 years, per year +19.9%+20.5%+6.3% +13.8%

Risk

MeasureKGCAUBTGSPY
Volatility, 1Y 54.3%60.1%60.4% 12.7%
Downside volatility, 1Y 56.9%62.2%60.6% 12.7%
Beta vs S&P 500, 1Y 1.952.202.13 1.00
Return / volatility, 1Y -0.010.540.08 0.98
Max drawdown, 5Y -56.0%-52.8%-53.7% -25.4%
From 52-week high -39.6%-31.9%-17.4% -0.9%
52-week high $38.07$128.26$6.21 $779.14
52-week low $22.21$63.61$3.64 $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.

MultipleKGCAUBTG
P/E now vs peer median 8.8xmedian 13.4x 11.7xmedian 13.4x 8.3xmedian 13.4x
P/S now vs peer median 3.3xmedian 3.2x 3.7xmedian 3.2x —median 3.2x
EV/EBITDA now vs peer median 4.7xmedian 7.3x —median 7.3x 5.0xmedian 7.3x
P/FCF now vs peer median 5.0xmedian 14.8x 7.0xmedian 14.8x 6.9xmedian 14.8x
P/B now vs peer median 2.7xmedian 2.3x 4.9xmedian 2.3x 1.7xmedian 2.3x
PEG now vs peer median 0.07median 0.31 —median 0.31 0.44median 0.31

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 monthsKGCAUBTG
Revenue $8.44B $11.83B –
Gross profit $4.90B $6.48B $1.86B
Operating income $4.47B $4.91B $1.93B
Net income $3.21B $4.48B $828.55M
Free cash flow $5.48B $6.34B $1.00B
R&D $170.00M $259.00M –
EPS (diluted) $2.59 $7.48 $0.55
Cash & equivalents $2.64B $2.78B $286.58M
Total debt $816.70M $1.57B $2.06B
Shares (diluted) 1.22B 509.09M 1.48B
Enterprise value $16.13B $31.11B $5.07B

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
MetricKGCAUBTG
P/E 8.8x 11.7x 8.3x
P/FCF 5.0x 7.0x 6.9x
P/Operating cash flow 5.8x 7.1x 6.9x
P/S 3.3x 3.7x –
P/B 2.7x 4.9x 1.7x
P/Tangible book 2.7x 4.9x 1.7x
EV/EBITDA 4.7x – 5.0x
EV/EBIT 5.8x 8.7x 3.6x
EV/Revenue 3.0x 3.6x –
EV/FCF 4.7x 6.7x 7.0x
EV/Operating cash flow 5.5x 6.9x 7.0x
PEG (3Y EPS CAGR) 0.07 – 0.44

Growth

14 metrics
MetricKGCAUBTG
Revenue growth (1Y) 31.0% 54.6% –
Revenue CAGR (3Y) 26.2% – –
Gross profit growth (1Y) 61.9% 97.4% 107.1%
Gross profit CAGR (3Y) 79.0% – 35.3%
Operating income growth (1Y) 68.2% 165.2% 1,748%
Operating income CAGR (3Y) 115.3% – 46.0%
Net income growth (1Y) 74.0% 115.8% 298.7%
Net income CAGR (3Y) 56.0% – 33.4%
EPS growth (1Y) 91.2% 78.5% 272.5%
EPS CAGR (3Y) 119.3% – 19.0%
Operating cash flow growth (1Y) 27.4% 103.4% 86.2%
Operating cash flow CAGR (3Y) 38.4% – 9.5%
Free cash flow growth (1Y) 31.1% 108.6% 86.2%
Free cash flow CAGR (3Y) 34.6% – 9.5%

Profitability

14 metrics
MetricKGCAUBTG
Gross margin 58.0% 54.8% –
EBITDA margin 65.2% – –
Operating margin 52.9% 41.5% –
Pretax margin 52.3% 51.7% –
Net margin 37.6% 32.2% –
FCF margin 64.9% 53.6% –
Operating cash flow margin 55.9% 52.3% –
Return on equity 32.3% 46.3% 44.1%
Return on assets 23.3% 28.7% 29.1%
Return on invested capital 41.6% 40.5% 44.5%
Return on capital employed – 35.2% –
Asset turnover 0.6x 0.8x –
Cash conversion (OCF / net income) 1.5x 1.4x 1.2x
Stock comp / revenue 0.2% – –

Financial Health

11 metrics
MetricKGCAUBTG
Debt / assets 5.9% 10.1% 7.9%
Debt / equity 0.1x 0.2x 0.1x
Net debt / EBITDA -0.3x – 0.1x
Debt / FCF 0.1x 0.2x 0.5x
Liabilities / assets 27.6% 42.4% 30.3%
Equity / assets 72.4% 57.6% 69.7%
Interest coverage 171.8x – 31.7x
Current ratio – 2.7x –
Quick ratio – 2.1x –
Cash ratio – 1.8x –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricKGCAUBTG
Dividend yield 0.7% 5.2% 1.6%
Net buyback yield -1.5% – -3.5%
Shareholder yield -0.8% 5.2% -2.0%
Payout ratio (earnings) 3.1% – –
Payout ratio (FCF) 1.8% – –
Dividend growth (1Y) -145.6% – –
Dividend CAGR (3Y) -38.0% – –

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.

ConsensusKGCAUBTG
Forward P/E 9.7xFY2026 10.2xFY2026 8.8xFY2026
EPS, next fiscal year $2.36FY2026 $8.52FY2026 $0.58FY2026
EPS growth, next FY +29.0%FY2026 +58.7%FY2026 +26.1%FY2026
EPS growth, the year after +6.8% +9.9% +51.7%
Revenue, next fiscal year $8.30BFY2026 $11.81BFY2026 $3.59BFY2026
Revenue growth, next FY +18.1%FY2026 +21.4%FY2026 +17.5%FY2026
Revenue growth, the year after +3.8% +4.0% +25.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersKGCAUBTG
Held by institutions 59.3% 45.9% 59.9%
Institutions holding 640 563 301
Change in shares held, QoQ +0.7% +3.0% +6.2%
Institutions buying 313 323 155
Institutions selling 224 166 85
Buyers to sellers 1.40 1.95 1.82

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.

KGCAUBTG
KGC 1.00 0.87 0.80
AU 0.87 1.00 0.78
BTG 0.80 0.78 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, KGC, AU and BTG?

AngloGold Ashanti (AU) is the largest by market capitalisation: Kinross Gold (KGC) $26.21B, AngloGold Ashanti (AU) $43.22B, B2Gold (BTG) $6.59B.

Which stock is cheaper, KGC, AU and BTG?

B2Gold (BTG) trades on the lowest price-to-earnings ratio (Kinross Gold (KGC) 8.3x, AngloGold Ashanti (AU) 11.4x, B2Gold (BTG) 8.0x). On next year's consensus earnings, B2Gold (BTG) is cheapest (Kinross Gold (KGC) 9.7x, AngloGold Ashanti (AU) 10.2x, B2Gold (BTG) 8.8x). 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: Kinross Gold (KGC) +31.0%, AngloGold Ashanti (AU) +54.6%.

Which company is more profitable?

Kinross Gold (KGC) has the highest net margin (Kinross Gold (KGC) 37.6%, AngloGold Ashanti (AU) 32.2%). On return on invested capital, B2Gold (BTG) leads (Kinross Gold (KGC) 41.6%, AngloGold Ashanti (AU) 40.5%, B2Gold (BTG) 44.5%).

Which stock has performed better?

Over the past year AngloGold Ashanti (AU) returned the most: Kinross Gold (KGC) -0.4%, AngloGold Ashanti (AU) +32.4%, B2Gold (BTG) +4.7%. Over five years, AngloGold Ashanti (AU) compounded fastest (Kinross Gold (KGC) +30.8%/yr, AngloGold Ashanti (AU) +36.4%/yr, B2Gold (BTG) +4.4%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Kinross Gold (KGC) has been the steadiest (Kinross Gold (KGC) 54.3%, AngloGold Ashanti (AU) 60.1%, B2Gold (BTG) 60.4%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, AngloGold Ashanti (AU) leads on 5. 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.