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

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

Kinross Gold Stock Performance

K opened at C$41.30 on Thursday. The company has a market cap of C$48.99 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. The stock has a 50-day moving average of C$35.13 and a 200-day moving average of C$40.25. Kinross Gold Co. has a 52-week low of C$26.01 and a 52-week high of C$53.57. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%.The business had revenue of C$3.18 billion for the quarter. As a group, equities research analysts forecast that Kinross Gold Co. will post 1.0071259 earnings per share for the current fiscal year.

Analyst Ratings Changes

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