Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Geoffrey Peters Gold sold 74,405 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$6.70, for a total value of C$498,513.50. Following the completion of the sale, the insider now owns 736,290 shares in the company, valued at approximately C$4,933,143.
Shares of TSE:K opened at C$6.44 on Wednesday. The company’s fifty day moving average is C$5.58. The firm has a market cap of $8.42 billion and a PE ratio of -116.35. The company has a current ratio of 2.88, a quick ratio of 1.07 and a debt-to-equity ratio of 41.13. Kinross Gold Co. has a one year low of C$3.15 and a one year high of C$6.86.
A number of research firms recently weighed in on K. National Bank Financial upped their price target on Kinross Gold from C$5.75 to C$7.25 and gave the stock an “outperform” rating in a report on Friday, June 28th. Eight Capital upped their price target on Kinross Gold from C$5.25 to C$7.50 in a report on Thursday, August 8th. Finally, Canaccord Genuity upped their price target on Kinross Gold from C$7.25 to C$8.00 in a report on Tuesday, August 6th.
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.
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