Kinross Gold (TSE:K) Insider Lucas Crosby Sells 791 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Lucas Crosby 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 completion of the transaction, the insider owned 33,988 shares of the company’s stock, valued at C$1,329,610.56. The trade was a 2.27% decrease in their position.

Kinross Gold Stock Performance

Shares of K traded up C$1.75 during trading hours on Wednesday, hitting C$39.49. The company’s stock had a trading volume of 1,737,092 shares, compared to its average volume of 3,943,272. The company has a market cap of C$47.16 billion, a price-to-earnings 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 current ratio of 2.84 and a quick ratio of 1.11. The business has a 50 day simple moving average of C$42.66 and a two-hundred day simple moving average of 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 posted its earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share for the quarter. The firm 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%. On average, equities analysts expect that Kinross Gold Co. will post 1.0071259 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Freedom Capital upgraded shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. National Bank Financial reduced their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a research note 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 research note on Wednesday, April 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.