Insider Selling: Kinross Gold (TSE:K) Insider Sells 791 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Stephen Kerrigan sold 791 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the completion of the transaction, the insider directly owned 84,936 shares of the company’s stock, valued at approximately C$3,322,696.32. This trade represents a 0.92% decrease in their position.

Kinross Gold Price Performance

K stock traded up C$1.75 during midday trading on Wednesday, reaching C$39.49. The company had a trading volume of 1,737,092 shares, compared to its average volume of 3,943,272. The stock has a 50 day moving average price of C$42.66 and a 200-day moving average price 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. The company has a market capitalization of C$47.16 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47.

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

Analyst Upgrades and Downgrades

K has been the subject of a number of recent analyst reports. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday. Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, March 12th. Stifel Nicolaus upped their price target on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. ATB Cormark Capital Markets raised shares of 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, National Bank Financial dropped their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$52.42.

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.