KGHM Polska Miedz (KGH) Stock Overview
Engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
KGH Community Fair Values
Create NarrativeSee what 38 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
KGHM Polska Miedz S.A. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | zł308.95 |
| 52 Week High | zł396.40 |
| 52 Week Low | zł125.55 |
| Beta | 1.25 |
| 1 Month Change | -14.38% |
| 3 Month Change | 1.16% |
| 1 Year Change | 132.73% |
| 3 Year Change | 155.23% |
| 5 Year Change | 65.39% |
| Change since IPO | 1,336.98% |
Recent News & Updates
Narrative Update • Jul 02
KGH: Nevada Option And Sierra Gorda Expansion Will Support Future Repricing
The analyst fair value estimate for KGHM Polska Miedz has been revised from PLN 460 to PLN 480, reflecting updated assumptions on revenue growth, profitability and future P/E multiples, in line with recent Street price target revisions of around PLN 355 from firms covering the stock. Analyst Commentary Recent Street research on KGHM Polska Miedz shows a mix of revisions, with several bullish analysts adjusting price targets and ratings that support a more constructive view on the stock's risk and reward profile.
Narrative Update • Jun 18
KGH: Future Returns Will Depend On Mixed Broker Revisions Under Execution Risk
The updated analyst fair value for KGHM Polska Miedz edges higher to PLN 322.91 from PLN 317.34, reflecting recent price target revisions around PLN 355 and slightly firmer margin and P/E assumptions cited by analysts. Analyst Commentary Recent research on KGHM Polska Miedz shows a mix of optimism and caution, with several price target revisions and rating changes feeding into the updated fair value.Narrative Update • Jun 03
KGH: Revised Cash Flow Assumptions And Nevada Project Option Will Support Future Repricing
KGHM Polska Miedz's analyst fair value estimate has shifted from PLN 375.00 to PLN 460.00, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins, and future P/E. Recent target moves from JPMorgan, Morgan Stanley, and UBS highlight differing views on the stock's outlook.Recent updates
Narrative Update • Jul 02
KGH: Nevada Option And Sierra Gorda Expansion Will Support Future Repricing
The analyst fair value estimate for KGHM Polska Miedz has been revised from PLN 460 to PLN 480, reflecting updated assumptions on revenue growth, profitability and future P/E multiples, in line with recent Street price target revisions of around PLN 355 from firms covering the stock. Analyst Commentary Recent Street research on KGHM Polska Miedz shows a mix of revisions, with several bullish analysts adjusting price targets and ratings that support a more constructive view on the stock's risk and reward profile.Narrative Update • Jun 18
KGH: Future Returns Will Depend On Mixed Broker Revisions Under Execution Risk
The updated analyst fair value for KGHM Polska Miedz edges higher to PLN 322.91 from PLN 317.34, reflecting recent price target revisions around PLN 355 and slightly firmer margin and P/E assumptions cited by analysts. Analyst Commentary Recent research on KGHM Polska Miedz shows a mix of optimism and caution, with several price target revisions and rating changes feeding into the updated fair value.Narrative Update • Jun 03
KGH: Revised Cash Flow Assumptions And Nevada Project Option Will Support Future Repricing
KGHM Polska Miedz's analyst fair value estimate has shifted from PLN 375.00 to PLN 460.00, with analysts pointing to updated assumptions around discount rates, revenue growth, profit margins, and future P/E. Recent target moves from JPMorgan, Morgan Stanley, and UBS highlight differing views on the stock's outlook.Analysis Article • May 23
KGHM Polska Miedz (WSE:KGH) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Despite announcing strong earnings, KGHM Polska Miedz S.A.'s ( WSE:KGH ) stock was sluggish. We did some digging and...Narrative Update • May 19
KGH: Future Returns Will Balance Mixed Broker Revisions And Execution Under New Leadership
KGHM Polska Miedz's analyst price target has been revised higher by roughly PLN 11 to PLN 317, with analysts pointing to recent target changes at JPMorgan and Morgan Stanley, as well as the UBS upgrade, as key drivers of the updated view. Analyst Commentary Recent Street research around KGHM Polska Miedz has been mixed, with several target changes and rating shifts clustered over a short period.Analysis Article • May 16
KGHM Polska Miedz S.A. Just Recorded A 62% EPS Beat: Here's What Analysts Are Forecasting Next
As you might know, KGHM Polska Miedz S.A. ( WSE:KGH ) recently reported its quarterly numbers. It looks like a credible...Narrative Update • May 01
KGH: Future Returns Will Balance Metals Pricing Contracts And Execution Under New Leadership
Analysts have nudged their fair value estimate for KGHM Polska Miedz higher, with the central price target rising from PLN 283.92 to PLN 306.55. They cited updated assumptions for margins, the discount rate and future P/E in recent research moves that included both target cuts and raises from major banks.Narrative Update • Apr 17
KGH: Copper Contract Renewal And Governance Reforms Will Support Future Repricing
Analysts have trimmed the fair value estimate for KGHM Polska Miedz to PLN 375.0 from PLN 390.0, reflecting recent target cuts along with lower revenue growth assumptions, partially offset by expectations for stronger profit margins and a lower future P/E multiple. Analyst Commentary The latest round of research on KGHM Polska Miedz has been mixed, with some firms taking a more cautious stance while others highlight potential upside tied to earnings quality and valuation.Narrative Update • Apr 02
KGH: Future Returns Will Reflect Metals Pricing And Execution Under New Leadership
Analysts have trimmed the fair value estimate for KGHM Polska Miedz to about PLN 284 from roughly PLN 293, reflecting an updated view that the shares already factor in higher metals prices despite mixed recent price target revisions on the stock. Analyst Commentary Recent research on KGHM Polska Miedz reflects a split view, with some analysts focusing on potential upside from higher metals prices and others warning that much of this optimism may already be reflected in the share price and fair value estimates.Analysis Article • Mar 30
KGHM Polska Miedz S.A. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
As you might know, KGHM Polska Miedz S.A. ( WSE:KGH ) recently reported its annual numbers. Revenues were zł36b...Narrative Update • Mar 19
KGH: Copper Contract Strength And Governance Changes Will Support Future Repricing
Analysts have adjusted their fair value estimate for KGHM Polska Miedz to PLN 390 from PLN 360, reflecting updated assumptions for revenue growth, profit margin and future P/E multiples, alongside mixed recent Street research views on the stock. Analyst Commentary Recent Street research presents a mixed picture for KGHM Polska Miedz, with some firms taking a more cautious stance and others pointing to upside potential.Narrative Update • Mar 05
KGH: Future Returns Will Balance Metals Pricing Optimism And Execution Risks
Analysts have trimmed their fair value estimate for KGHM Polska Miedz to about PLN 293 from roughly PLN 285, citing a slightly higher discount rate and updated sector views that include recent downgrades, a higher PLN 209 price target from one firm, and a PLN 80 target increase from another. Analyst Commentary Recent Street research on KGHM Polska Miedz shows a split in opinion, with some firms lifting price targets while others move to more cautious ratings.Narrative Update • Feb 19
KGH: Future Returns Will Reflect Competing Views On Metals Pricing And Execution
The analyst price target for KGHM Polska Miedz has been updated from about PLN 225 to about PLN 285, as analysts factor in revised assumptions on growth, margins and future P/E, while also noting that recent share gains already reflect stronger metals pricing. Analyst Commentary Bullish Takeaways Bullish analysts who raised the target toward about PLN 285 see room for the stock to align with their updated assumptions on growth, margins and future P/E, even after the recent rally.
Narrative Update • Feb 05
KGH: Lower Future P/E Will Expose Overvaluation If Earnings Quality Weakens
Analysts have raised their price expectations for KGHM Polska Miedz, with recent target increases to PLN 80 and PLN 229 supporting a refreshed view that incorporates updated assumptions on revenue growth, profit margins, and a lower future P/E multiple. Analyst Commentary Recent target updates for KGHM Polska Miedz, including PLN 80 and PLN 229, highlight a recalibration of assumptions around revenue, margins, and the P/E multiple.Analysis Article • Jan 29
KGHM Polska Miedz S.A. (WSE:KGH) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
KGHM Polska Miedz S.A. ( WSE:KGH ) shares have continued their recent momentum with a 29% gain in the last month alone...Narrative Update • Jan 22
KGH: Higher Earnings Power And P/E Outlook Will Drive Repricing
Narrative Update The analyst fair value estimate for KGHM Polska Miedz has moved from PLN 200 to PLN 360. This change is supported by higher Street price targets in the PLN 190 to PLN 229 range and updated analyst assumptions for revenue growth, profit margin and future P/E multiples.Narrative Update • Jan 07
KGH: Higher Profit Assumptions Will Face Pressure If Project Execution Falters
Analysts have raised their fair value estimate for KGHM Polska Miedz from PLN 92 to PLN 155, citing updated expectations for revenue growth, profit margins and future P/E multiples that align with recent target price increases from major banks. Analyst Commentary Recent research updates show higher formal price targets for KGHM Polska Miedz, including PLN 229 from Morgan Stanley and PLN 190 from JPMorgan.Narrative Update • Dec 15
KGH: Future Performance Will Reflect Upgraded Outlook Amid Persistent Execution And Commodity Risks
Analysts have lifted their fair value estimate for KGHM Polska Miedz to PLN 224.60 from about PLN 195.67, reflecting expectations of higher revenue growth, improved profit margins, and a lower future P E multiple that underpins recent upward revisions to Street price targets. Analyst Commentary Recent Street research reflects a constructive but differentiated view on KGHM Polska Miedz, with multiple price target increases signaling higher confidence in the company’s earnings trajectory and capital allocation, while some caution remains around valuation resilience and execution risks.Analysis Article • Dec 14
KGHM Polska Miedz S.A.'s (WSE:KGH) 25% Share Price Surge Not Quite Adding Up
KGHM Polska Miedz S.A. ( WSE:KGH ) shares have continued their recent momentum with a 25% gain in the last month alone...Analysis Article • Dec 09
KGHM Polska Miedz (WSE:KGH) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Nov 30
KGH: Future Performance Will Reflect Upward Momentum Amid Persistent Market Risks
Analysts have increased their price target for KGHM Polska Miedz, raising it by approximately PLN 3 to PLN 195.67. They cite improved expectations for revenue growth and fair value.Analysis Article • Nov 21
There May Be Underlying Issues With The Quality Of KGHM Polska Miedz's (WSE:KGH) Earnings
Despite posting some strong earnings, the market for KGHM Polska Miedz S.A.'s ( WSE:KGH ) stock hasn't moved much. We...Narrative Update • Nov 16
KGH: Future Performance Will Balance Rising Prospects Against Ongoing Market Risks
Analysts have increased their price target for KGHM Polska Miedz by PLN 1 to PLN 192.76, citing modest improvements in projected revenue growth and fair value estimates. Analyst Commentary Recent updates from major firms have provided insight into the current sentiment around KGHM Polska Miedz, highlighting both the positive expectations and the ongoing risks surrounding the company’s valuation and future growth.Narrative Update • Nov 01
KGH: Revenue Prospects And Commodity Risks Will Shape Fair Outlook
The analyst price target for KGHM Polska Miedz has been raised from PLN 187.22 to PLN 191.76. This reflects analysts' increased optimism on the company's improved revenue growth and profitability outlook.Analysis Article • Oct 29
Subdued Growth No Barrier To KGHM Polska Miedz S.A. (WSE:KGH) With Shares Advancing 26%
Despite an already strong run, KGHM Polska Miedz S.A. ( WSE:KGH ) shares have been powering on, with a gain of 26% in...Narrative Update • Oct 17
Sierra Gorda And Robinson Upgrades Will Drive Future Copper Demand
Analysts have raised their price target for KGHM Polska Miedz from approximately PLN 148 to PLN 187. They cite improved revenue growth projections and slightly higher forecast profit margins as key factors in their updated valuation.Narrative Update • Oct 03
Sierra Gorda And Robinson Upgrades Will Drive Future Copper Demand
Analysts have raised their fair value estimate for KGHM Polska Miedz from PLN 137.64 to PLN 147.81. This adjustment is based on updated forecasts for slight improvements in profit margin and a modest adjustment to expected revenue growth.Analysis Article • Sep 30
KGHM Polska Miedz's (WSE:KGH) Returns On Capital Are Heading Higher
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...Analysis Article • Sep 12
KGHM Polska Miedz S.A.'s (WSE:KGH) Shares May Have Run Too Fast Too Soon
It's not a stretch to say that KGHM Polska Miedz S.A.'s ( WSE:KGH ) price-to-sales (or "P/S") ratio of 0.8x right now...Narrative Update • Sep 04
Sierra Gorda And Robinson Upgrades Will Drive Future Copper Demand
With both Net Profit Margin and Future P/E holding steady, analysts have maintained their fair value estimate for KGHM Polska Miedz, leaving the consensus price target unchanged at PLN137.64. Valuation Changes Summary of Valuation Changes for KGHM Polska Miedz The Consensus Analyst Price Target remained effectively unchanged, at PLN137.64.Analysis Article • Jul 14
These 4 Measures Indicate That KGHM Polska Miedz (WSE:KGH) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
New Narrative • Dec 03
Robinson And Sierra Gorda Expansions Will Boost Copper Production And Transform Profitability
Expanding copper production at Robinson and optimizing Sierra Gorda aim to boost revenue and lower production costs, enhancing earnings.Shareholder Returns
| KGH | PL Metals and Mining | PL Market | |
|---|---|---|---|
| 7D | -7.8% | -6.0% | 2.3% |
| 1Y | 132.7% | 88.5% | 27.7% |
Return vs Industry: KGH exceeded the Polish Metals and Mining industry which returned 88.5% over the past year.
Return vs Market: KGH exceeded the Polish Market which returned 27.7% over the past year.
Price Volatility
| KGH volatility | |
|---|---|
| KGH Average Weekly Movement | 8.4% |
| Metals and Mining Industry Average Movement | 5.9% |
| Market Average Movement | 5.1% |
| 10% most volatile stocks in PL Market | 10.4% |
| 10% least volatile stocks in PL Market | 3.0% |
Stable Share Price: KGH's share price has been volatile over the past 3 months compared to the Polish market.
Volatility Over Time: KGH's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Polish stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | 34,413 | Remigiusz Paszkiewicz | kghm.com |
KGHM Polska Miedz S.A. engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally. The company offers copper cathodes, wire rod, Cu - Ofe wire, Cu - Ag wire, and granules; silver and gold; molybdenum; rhenium; nickel; and lead, sulphuric acid, copper and nickel sulphate, and selenium products, as well as platinum, palladium, and rock salt products. It holds a portfolio of mines located in Europe, Asia, Australia, Africa, and the United States.
KGHM Polska Miedz S.A. Fundamentals Summary
| KGH fundamental statistics | |
|---|---|
| Market cap | zł61.79b |
| Earnings (TTM) | zł6.89b |
| Revenue (TTM) | zł39.29b |
9.0x
P/E Ratio1.6x
P/S RatioIs KGH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| KGH income statement (TTM) | |
|---|---|
| Revenue | zł39.29b |
| Cost of Revenue | zł29.83b |
| Gross Profit | zł9.45b |
| Other Expenses | zł2.57b |
| Earnings | zł6.89b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 19, 2026
| Earnings per share (EPS) | 34.43 |
| Gross Margin | 24.06% |
| Net Profit Margin | 17.53% |
| Debt/Equity Ratio | 15.0% |
How did KGH perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield4%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/12 06:22 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
KGHM Polska Miedz S.A. is covered by 24 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jakub Sargsyan | Biuro maklerskie mBanku |
| Beata Szparaga-Wasniewska | Biuro maklerskie mBanku |
| Edward Sterck | BMO Capital Markets Equity Research |