Kinross Gold (TSE:K) Insider Sells C$30,943.92 in Stock

Kinross Gold Co. (TSE:KGet Free Report) (NYSE:KGC) insider Lucas Crosby sold 791 shares of Kinross Gold stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$39.12, for a total value of C$30,943.92. Following the transaction, the insider owned 33,988 shares of the company’s stock, valued at C$1,329,610.56. This represents a 2.27% decrease in their ownership of the stock.

Kinross Gold Stock Performance

Shares of TSE K opened at C$39.06 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.11 and a debt-to-equity ratio of 8.12. Kinross Gold Co. has a 12 month low of C$19.75 and a 12 month high of C$53.57. The stock has a 50 day moving average of C$42.35 and a 200-day moving average of C$42.18. The company has a market capitalization of C$46.64 billion, a P/E ratio of 16.62, a P/E/G ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last issued its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS 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%. As a group, equities research analysts predict that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on K shares. National Bank Financial dropped their price target on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a report on Friday, April 17th. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. ATB Cormark Capital Markets raised 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. Finally, BMO Capital Markets lifted their price target on Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and an average target price of C$52.42.

Check Out Our Latest Research Report on Kinross Gold

Kinross Gold Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Kinross Gold (TSE:K)

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