Insider Selling: Kinross Gold (TSE:K) Insider Sells C$30,943.92 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Stephen Kerrigan sold 791 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the completion of the sale, the insider owned 84,936 shares in the company, valued at C$3,322,696.32. This trade represents a 0.92% decrease in their position.

Kinross Gold Trading Down 1.2%

TSE K opened at C$39.06 on Friday. The business’s 50-day moving average price is C$42.35 and its two-hundred day moving average price is C$42.18. Kinross Gold Co. has a 12 month low of C$19.75 and a 12 month high of C$53.57. The firm has a market capitalization of C$46.64 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47. The company has a current ratio of 2.84, a quick ratio of 1.11 and a debt-to-equity ratio of 8.12.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%.The firm had revenue of C$3.35 billion for the quarter. On average, analysts expect that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Stifel Nicolaus boosted their price objective on 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. Royal Bank Of Canada raised Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. BMO Capital Markets boosted their price objective on Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets raised Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective on the stock in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average 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.