Kinross Gold (TSE:K) Insider Sells C$51,370.80 in Stock

Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) insider Laurence Davies sold 1,335 shares of Kinross Gold stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total value of C$51,370.80. Following the completion of the transaction, the insider owned 11,855 shares in the company, valued at C$456,180.40. This trade represents a 10.12% decrease in their position.

Kinross Gold Stock Up 1.8%

Kinross Gold stock traded up C$0.68 during trading hours on Monday, reaching C$38.57. The stock had a trading volume of 1,283,197 shares, compared to its average volume of 3,764,058. The company has a market cap of C$45.75 billion, a price-to-earnings ratio of 14.67, a PEG ratio of -0.60 and a beta of 1.48. The business’s 50 day moving average price is C$34.86 and its 200-day moving average price is C$40.50. Kinross Gold Co. has a 52 week low of C$25.85 and a 52 week high of C$53.57. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11.

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Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. The business had revenue of C$3.18 billion for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. Sell-side analysts anticipate that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on K. BMO Capital Markets lifted their price target on shares of Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. National Bank Financial decreased their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a report on Friday, July 31st. ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$41.00 to C$45.00 in a research report on Friday, July 31st. Jefferies Financial Group dropped their target price on Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Finally, Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$47.36.

Read Our Latest Analysis on Kinross Gold

Kinross Gold Company Profile

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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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