Kinross Gold (TSE:K) Insider Laurence Davies Sells 1,335 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Laurence Davies sold 1,335 shares of the company’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 sale, the insider directly owned 11,855 shares in the company, valued at C$456,180.40. This represents a 10.12% decrease in their position.

Kinross Gold Trading Up 1.5%

TSE:K opened at C$38.46 on Tuesday. The firm has a market cap of C$45.62 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. The stock has a fifty day moving average price of C$34.91 and a 200 day moving average price of C$40.41. Kinross Gold Co. has a 12-month low of C$25.85 and a 12-month high of C$53.57. The company has a current ratio of 2.89, a quick ratio of 1.11 and a debt-to-equity ratio of 7.65.

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

Analysts Set New Price Targets

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

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.