Daniel Fombonne Sells 2,003 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Daniel Fombonne sold 2,003 shares of Kinross Gold 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$77,075.44. Following the transaction, the insider owned 16,155 shares in the company, valued at approximately C$621,644.40. This represents a 11.03% decrease in their ownership of the stock.

Kinross Gold Stock Down 2.0%

Shares of Kinross Gold stock opened at C$37.69 on Wednesday. Kinross Gold Co. has a 1 year low of C$25.85 and a 1 year high of C$53.57. The business has a 50-day moving average of C$34.96 and a two-hundred day moving average of C$40.31. The company has a market capitalization of C$44.71 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results 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 company had revenue of C$3.18 billion for the quarter. As a group, equities analysts predict that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Analyst Ratings Changes

K has been the topic of a number of research reports. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Jefferies Financial Group lowered their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. National Bank Financial dropped their price objective on shares of Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. Finally, BMO Capital Markets upped their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. One 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 stock. Based on data from MarketBeat, Kinross Gold currently has an average rating of “Buy” and a consensus target price of C$47.36.

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.