William Dunford Sells 30,000 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider William Dunford sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the sale, the insider owned 27,374 shares of the company’s stock, valued at C$1,116,037.98. This trade represents a 52.29% decrease in their ownership of the stock.

Kinross Gold Trading Up 3.8%

Shares of TSE:K opened at C$45.04 on Friday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89. The stock’s 50-day moving average is C$35.49 and its 200-day moving average is C$40.29. The company has a market cap of C$53.43 billion, a P/E ratio of 17.13, a P/E/G ratio of -0.60 and a beta of 1.48. Kinross Gold Co. has a 52-week low of C$26.73 and a 52-week high of C$53.57.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share 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 during the quarter. Equities research analysts predict that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Key Headlines Impacting Kinross Gold

Here are the key news stories impacting Kinross Gold this week:

• Positive Sentiment: An article highlights the possibility that gold could reach $5,000 by 2027, which could benefit Kinross through higher realized gold prices, revenue and cash flow if the forecast materializes. Gold Could Hit $5000 by 2027 and These Gold Stocks Could Benefit
• Positive Sentiment: Kinross maintains broadly favorable sell-side support. The company has an average “Buy” rating and a consensus target price of C$47.36, with one Strong Buy and five Buy ratings among the analysts cited. Recent target changes included ATB Cormark raising its target to C$45 and National Bank maintaining an Outperform rating with a C$47.50 target.
• Neutral Sentiment: The stock is trading above both its 50-day moving average of C$35.30 and 200-day moving average of C$40.26, indicating strong recent momentum. Kinross also recently reported C$1.01 quarterly EPS and C$3.18 billion in revenue, with a 37.56% net margin and 35.91% return on equity.
• Negative Sentiment: Zacks Research lowered its EPS forecasts across several periods. Estimates fell for Q3 2026 to $0.79 from $1.04, FY2026 to $3.63 from $3.82, FY2027 to $3.43 from $3.88, and FY2028 to $3.26 from $3.81. Forecasts for Q1–Q4 2027 and early 2028 were also reduced, suggesting analysts expect weaker future earnings than previously projected.
• Negative Sentiment: Insider William Dunford sold 30,000 shares for approximately C$1.22 million at an average price of C$40.77, reducing his direct ownership by 52.29%. While a single insider sale does not necessarily indicate deteriorating fundamentals, it may weigh on sentiment.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on K shares. National Bank Financial reduced their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a research report on Friday, July 31st. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$41.00 to C$45.00 in a research note on Friday, July 31st. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, Jefferies Financial Group decreased their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average 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.