Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 40,051 shares of the business’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$8.59, for a total value of C$344,038.09. Following the completion of the sale, the insider now directly owns 11,528 shares in the company, valued at approximately C$99,025.52.
Shares of K opened at C$9.13 on Thursday. The business’s fifty day moving average price is C$9.24 and its two-hundred day moving average price is C$7.37. The firm has a market capitalization of $11.60 billion and a price-to-earnings ratio of 14.73. Kinross Gold Co. has a 52 week low of C$4.00 and a 52 week high of C$10.64. The company has a debt-to-equity ratio of 47.43, a quick ratio of 2.00 and a current ratio of 3.58.
Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Tuesday, May 5th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.11 by C$0.02. The business had revenue of C$1.18 billion during the quarter. As a group, research analysts forecast that Kinross Gold Co. will post 0.13 EPS for the current year.
K has been the topic of several analyst reports. National Bank Financial lowered their target price on shares of Kinross Gold from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, May 22nd. Eight Capital boosted their target price on Kinross Gold from C$7.50 to C$11.00 in a report on Tuesday, April 21st. Finally, Canaccord Genuity raised their price target on Kinross Gold from C$12.00 to C$14.50 in a report on Wednesday, May 20th.
About Kinross Gold
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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