Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) has been given an average rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$47.36.
Several brokerages recently issued reports on K. National Bank Financial reduced 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 lifted their price target for the stock from C$41.00 to C$45.00 in a research note on Friday, July 31st. Finally, Jefferies Financial Group cut their target price on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th.
Get Our Latest Stock Analysis on K
Kinross Gold Price Performance
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The firm had revenue of C$3.18 billion during the quarter. On average, sell-side analysts predict that Kinross Gold will post 1.0071259 EPS for the current fiscal year.
Insider Activity at Kinross Gold
In other Kinross Gold news, insider William D. Dunford sold 30,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the sale, the insider owned 27,374 shares in the company, valued at approximately C$1,116,037.98. This represents a 52.29% decrease in their position. Also, insider Laurence Davies sold 1,335 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was 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 directly owned 11,855 shares of the company’s stock, valued at approximately C$456,180.40. This trade represents a 10.12% decrease in their ownership of the stock. In the last 90 days, insiders have sold 33,338 shares of company stock valued at $1,351,546. 0.26% of the stock is owned by corporate insiders.
About Kinross Gold
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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