Kinross Gold (TSE:K) Insider Sells 2,003 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Daniel Fombonne sold 2,003 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the transaction, the insider directly owned 16,155 shares in the company, valued at C$621,644.40. The trade was a 11.03% decrease in their ownership of the stock.

Kinross Gold Stock Performance

TSE K traded up C$0.68 during trading on Monday, reaching C$38.57. The company’s stock had a trading volume of 1,283,197 shares, compared to its average volume of 3,764,058. The business’s fifty day moving average price is C$34.86 and its 200-day moving average price is C$40.50. Kinross Gold Co. has a twelve month low of C$25.85 and a twelve month high of C$53.57. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89. The firm has a market cap of C$45.75 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of -0.60 and a beta of 1.48.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The business had revenue of C$3.18 billion during the quarter. As a group, analysts anticipate that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on K shares. National Bank Financial decreased their price target on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Friday, July 31st. Jefferies Financial Group dropped their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. BMO Capital Markets raised their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$41.00 to C$45.00 in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and a consensus price target of C$47.36.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia. The company has historically used acquisitions to fuel expansion into new regions and production growth.