Key Points
- Insider sale: Kinross Gold insider Lucas Crosby sold 791 shares on May 15 at an average price of C$39.12, totaling about C$30,944. After the sale, he still held 33,988 shares.
- Stock and earnings snapshot: Kinross Gold shares were up 4.3% and opened at C$39.35, with the company recently reporting C$0.99 EPS on revenue of C$3.35 billion for the quarter.
- Analyst sentiment remains positive: The stock carries a consensus Buy rating, with an average price target of C$52.42 after several firms raised ratings or reiterated bullish views.
Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC) insider Lucas Crosby sold 791 shares of the 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 sale, the insider directly owned 33,988 shares in the company, valued at approximately C$1,329,610.56. The trade was a 2.27% decrease in their ownership of the stock.
Kinross Gold Trading Up 4.3%
Shares of Kinross Gold stock opened at C$39.35 on Thursday. Kinross Gold Co. has a 12-month low of C$19.75 and a 12-month high of C$53.57. The company has a market cap of C$46.99 billion, a price-to-earnings ratio of 16.74, a PEG 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. The company's 50-day moving average price is C$42.56 and its 200-day moving average price is C$42.15.
Kinross Gold (TSE:K - Get Free Report) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The firm had revenue of C$3.35 billion for the quarter. On average, equities analysts expect that Kinross Gold Co. will post 1.0071259 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
K has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised shares of Kinross Gold from a "hold" rating to a "moderate buy" rating in a report on Thursday, March 12th. Freedom Capital raised shares of Kinross Gold from a "hold" rating to a "strong-buy" rating in a report on Monday. National Bank Financial lowered their target price on shares of Kinross Gold from C$60.00 to C$57.50 and set an "outperform" rating on the stock in a research note on Friday, April 17th. Stifel Nicolaus raised their target price 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. Finally, ATB Cormark Capital Markets raised shares of Kinross Gold from a "hold" rating to a "moderate buy" rating and set a C$56.00 target price on the stock in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of C$52.42.
View Our Latest Report on Kinross Gold
Kinross Gold Company Profile
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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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