Key Points
- Kinross Gold insider Claude J.S. Schimper sold 10,000 shares on May 6 at an average price of C$41.96, generating C$419,600 and reducing the insider’s stake by 13.5%.
- The company’s stock was trading around C$43.54, near its 50-day moving average of C$43.41 and above its 200-day moving average of C$41.77, with a market cap of about C$51.99 billion.
- Analysts remain constructive on Kinross Gold, with several firms raising price targets and the stock carrying an average “Moderate Buy” rating with a consensus target price of C$52.42.
Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC) insider Claude J.S. Schimper sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$41.96, for a total value of C$419,600.00. Following the sale, the insider owned 64,060 shares in the company, valued at approximately C$2,687,957.60. This trade represents a 13.50% decrease in their position.
Kinross Gold Price Performance
Shares of TSE K opened at C$43.54 on Tuesday. The stock's 50-day moving average is C$43.41 and its two-hundred day moving average is C$41.77. The company has a debt-to-equity ratio of 8.12, a current ratio of 2.84 and a quick ratio of 1.11. Kinross Gold Co. has a 1-year low of C$18.53 and a 1-year high of C$53.57. The company has a market cap of C$51.99 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47.
Kinross Gold (TSE:K - Get Free Report) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share for the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%.The company had revenue of C$3.35 billion for the quarter. Analysts forecast that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have weighed in on K. BMO Capital Markets upped their price target on Kinross Gold from C$45.00 to C$55.00 in a report on Wednesday, April 22nd. Stifel Nicolaus upped their price target on Kinross Gold from C$45.00 to C$65.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Royal Bank Of Canada upgraded Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Thursday, March 12th. National Bank Financial lowered their price objective on Kinross Gold from C$60.00 to C$57.50 and set an "outperform" rating for the company in a research report on Friday, April 17th. 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 for the company in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Kinross Gold has an average rating of "Moderate Buy" and an average target price of C$52.42.
Read Our Latest Stock Analysis on Kinross Gold
Kinross Gold Company Profile
(
Get Free Report)
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.
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