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 Kinross Gold stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$39.12, for a total transaction of C$30,943.92. Following the sale, the insider directly owned 84,936 shares of the company’s stock, valued at C$3,322,696.32. The trade was a 0.92% decrease in their position.

Kinross Gold Stock Performance

Shares of K stock traded up C$1.75 during midday trading on Wednesday, hitting C$39.49. 1,737,092 shares of the company were exchanged, compared to its average volume of 3,943,272. The firm has a market capitalization 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 company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84. The firm’s 50 day moving average price is C$42.66 and its two-hundred day moving average price is C$42.11. Kinross Gold Co. has a 52 week low of C$19.75 and a 52 week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. The business 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%. As a group, equities research analysts anticipate that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on K shares. Stifel Nicolaus lifted their target price 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. National Bank Financial reduced their target price on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a report on Friday, April 17th. BMO Capital Markets boosted 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 raised 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. Finally, Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average target price 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.