Claude J.S. Schimper Sells 10,000 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Claude J.S. Schimper sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$41.96, for a total value of C$419,600.00. Following the sale, the insider owned 64,060 shares of the company’s stock, valued at approximately C$2,687,957.60. This trade represents a 13.50% decrease in their position.

Kinross Gold Stock Down 0.0%

Kinross Gold stock opened at C$43.52 on Wednesday. The stock has a market cap of C$51.97 billion, a PE ratio of 18.52, a price-to-earnings-growth 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. Kinross Gold Co. has a one year low of C$18.53 and a one year high of C$53.57. The stock has a fifty day moving average of C$43.27 and a 200 day moving average of C$41.84.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. The company had revenue of C$3.35 billion during the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%. As a group, sell-side analysts predict that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on K shares. BMO Capital Markets upped their price target on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target for the company in a research report on Friday, May 1st. Stifel Nicolaus upped their price target on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Finally, National Bank Financial reduced their price target on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research report on Friday, April 17th. One analyst has 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 has a consensus rating of “Moderate Buy” and a consensus price target 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.