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

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Lucas Crosby sold 791 shares of Kinross Gold stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$39.12, for a total transaction 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 Up 4.6%

Shares of TSE K traded up C$1.75 during mid-day trading on Wednesday, reaching C$39.49. 1,737,092 shares of the company’s stock traded hands, compared to its average volume of 3,943,272. The stock has a market cap of C$47.16 billion, a P/E ratio of 16.80, a PEG ratio of -0.60 and a beta of 1.47. The business has a 50-day simple moving average of C$42.66 and a 200 day simple moving average of C$42.11. Kinross Gold Co. has a 1-year low of C$19.75 and a 1-year high of C$53.57. The company has a debt-to-equity ratio of 8.12, a current ratio of 2.84 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$3.35 billion during the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. On average, analysts expect that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on K. BMO Capital Markets lifted their price objective on shares of Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective for the company in a report on Friday, May 1st. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$52.42.

Kinross Gold Company Profile

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.