Kinross Gold (TSE:K) Insider Sells 1,335 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Laurence Davies sold 1,335 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of C$38.48, for a total transaction of C$51,370.80. Following the completion of the transaction, the insider directly owned 11,855 shares in the company, valued at C$456,180.40. This represents a 10.12% decrease in their position.

Kinross Gold Trading Up 1.8%

K traded up C$0.68 on Monday, reaching C$38.57. 1,283,197 shares of the company traded hands, compared to its average volume of 3,764,058. Kinross Gold Co. has a one year low of C$25.85 and a one year high of C$53.57. The firm has a fifty day simple moving average of C$34.86 and a two-hundred day simple moving average of C$40.50. The company has a market cap of C$45.75 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 2.89 and a debt-to-equity ratio of 7.65.

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

Analysts Set New Price Targets

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