Kinross Gold (TSE:K) Insider Sells 10,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Claude J.S. Schimper sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$41.96, for a total transaction of C$419,600.00. Following the sale, the insider owned 64,060 shares of the company’s stock, valued at approximately C$2,687,957.60. The trade was a 13.50% decrease in their ownership of the stock.

Kinross Gold Trading Up 0.9%

Shares of K traded up C$0.40 during trading hours on Monday, hitting C$43.53. The company had a trading volume of 1,314,138 shares, compared to its average volume of 4,016,446. Kinross Gold Co. has a 52-week low of C$18.53 and a 52-week high of C$53.57. The company has a quick ratio of 1.11, a current ratio of 2.84 and a debt-to-equity ratio of 8.12. The stock’s 50 day moving average price is C$43.67 and its 200 day moving average price is C$41.64. The firm has a market cap of C$51.98 billion, a P/E ratio of 18.52, a P/E/G ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share for the quarter. The company had revenue of C$3.35 billion during the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%. On average, research analysts predict that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Analysts Set New Price Targets

K has been the subject of a number of recent analyst reports. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target for the company in a report on Friday, May 1st. National Bank Financial cut their price target on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a report on Friday, April 17th. BMO Capital Markets upped their price objective on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. Royal Bank Of Canada upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Finally, Stifel Nicolaus raised their target price on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$52.42.

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.