AngloGold Ashanti vs Kinross Gold

This page compares AngloGold Ashanti and Kinross Gold, offering a neutral look at their business models, financial performance, and market context. It presents how each company approaches exploration, production, and value creation, with clear, accessible explanations rather than speculation. Educational content, not financial advice.

This page compares AngloGold Ashanti and Kinross Gold, offering a neutral look at their business models, financial performance, and market context. It presents how each company approaches exploration,...

Comparison Snapshot

Key Financial Metrics

AU

Metric

KGC

$52.47B

Market Cap

$38.57B

-47.51%

Potential Profit

-12.31%

Buy

Analyst Rating

Buy

Why It's Moving

AU Stock Warning: Why Analysts See -46% Downside Risk

Gold's sharp selloff post-record highs led to wild intraday swings for AU, dropping 13% last week as investors react to heightened margin requirements and reversing momentum.
Analysts trimmed fair value models with higher discount rates and modest revenue growth outlooks, echoing sector downgrades that highlight execution risks outweighing near-term upside.
Despite mixed ratings like recent 'buy' reaffirmations, bearish views point to unsustainable gold price assumptions needed to justify current levels, fueling -46% downside risk estimates.

Sentiment:

🐻Bearish

KGC Stock Warning: Why Analysts See -15% Downside Risk

CIBC hiked its price target to $54 on February 4, citing elevated gold forecasts to $6,000/oz in 2026, yet some see overvaluation risks if metal prices falter.
Kinross scheduled 2025 Q4 results and 2026 guidance for February 18, heightening uncertainty as markets anticipate details on reserves and capital plans.
Zacks flagged KGC as a value play with a Hold rank on February 2, but upward earnings revisions may not offset sector headwinds like geopolitical flux.

Sentiment:

🐻Bearish

AU Stock Warning: Why Analysts See -46% Downside Risk

Gold's sharp selloff post-record highs led to wild intraday swings for AU, dropping 13% last week as investors react to heightened margin requirements and reversing momentum.
Analysts trimmed fair value models with higher discount rates and modest revenue growth outlooks, echoing sector downgrades that highlight execution risks outweighing near-term upside.
Despite mixed ratings like recent 'buy' reaffirmations, bearish views point to unsustainable gold price assumptions needed to justify current levels, fueling -46% downside risk estimates.

Sentiment:

🐻Bearish

KGC Stock Warning: Why Analysts See -15% Downside Risk

CIBC hiked its price target to $54 on February 4, citing elevated gold forecasts to $6,000/oz in 2026, yet some see overvaluation risks if metal prices falter.
Kinross scheduled 2025 Q4 results and 2026 guidance for February 18, heightening uncertainty as markets anticipate details on reserves and capital plans.
Zacks flagged KGC as a value play with a Hold rank on February 2, but upward earnings revisions may not offset sector headwinds like geopolitical flux.

Sentiment:

🐻Bearish

Investment Analysis

AngloGold Ashanti

AU

Pros

Strong Q2 2025 financial performance driven by a 41% year-over-year increase in the average realized gold price, boosting revenues and cash flow.
Reported 21% growth in gold production to 804,000 ounces in Q2, supporting its 2025 guidance of 2.9-3.225 million ounces annually.
Maintains disciplined cost management despite inflation, with controlled cash costs per ounce and significant free cash flow growth of 149% year-over-year.

Considerations

Increasing operating expenses and higher All-In Sustaining Costs (AISC), projected between $1,580 and $1,705 per ounce for 2025, pressure margins.
Stock price volatility with recent short-term declines despite strong fundamentals, reflecting market uncertainty in the sector.
Forward price-earnings ratio higher than some peers, potentially limiting upside relative to valuation concerns highlighted by some analysts.

Kinross Gold

KGC

Pros

Kinross Gold is one of the largest global gold producers with diversified operations, providing scale and geographic risk spread.
Active in acquisition, exploration, and development, contributing to growth potential through asset portfolio expansion initiatives.
Engagement in a broad range of gold properties enables capitalising on favourable gold price environments and operational improvements.

Considerations

Exposed to commodity price cyclicality which may affect revenues and profitability given gold price fluctuations.
Industry-wide challenges such as rising costs and inflationary pressures could impact cost control and margins for Kinross.
Execution risks related to exploration and development projects including permitting, regional politics and operational delays.

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