Stephen Kerrigan Sells 791 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Stephen Kerrigan sold 791 shares of Kinross Gold stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the completion of the transaction, the insider directly owned 84,936 shares in the company, valued at approximately C$3,322,696.32. This represents a 0.92% decrease in their position.

Kinross Gold Trading Up 0.4%

TSE:K opened at C$39.52 on Friday. Kinross Gold Co. has a 12 month low of C$19.75 and a 12 month high of C$53.57. The firm has a market cap of C$47.19 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of -0.60 and a beta of 1.47. 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 company’s 50 day moving average is C$42.46 and its 200-day moving average is C$42.20.

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. National Bank Financial decreased their target price on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, April 17th. Royal Bank Of Canada upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 target price for the company in a research note on Friday, May 1st. Finally, Stifel Nicolaus increased their target price on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and a consensus price target of C$52.42.

Kinross Gold Company Profile

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.