Key Points
- Insider sale: Kinross Gold insider Daniel Fombonne sold 2,003 shares for approximately C$77,075, reducing his ownership by 11.03% to 16,155 shares.
- Financial performance: Kinross reported quarterly EPS of C$1.01 and revenue of C$3.18 billion, with a 37.56% net margin and 35.91% return on equity.
- Analyst outlook: The stock has a consensus “Buy” rating and an average price target of C$47.36, compared with its recent trading level near C$38.46.
Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC) insider Laurence Davies sold 1,335 shares of the 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 sale, the insider owned 11,855 shares of the company's stock, valued at C$456,180.40. This trade represents a 10.12% decrease in their position.
Kinross Gold Stock Performance
TSE K opened at C$38.46 on Tuesday. The firm has a market cap of C$45.62 billion, a P/E ratio of 14.62, a P/E/G ratio of -0.60 and a beta of 1.48. Kinross Gold Co. has a 52-week low of C$25.85 and a 52-week high of C$53.57. The business's 50-day moving average price is C$34.91 and its 200 day moving average price is C$40.41. 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 - Get Free Report) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. Kinross Gold had a return on equity of 35.91% and a net margin of 37.56%.The firm had revenue of C$3.18 billion during the quarter. On average, equities research analysts expect that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.
Wall Street Analysts Forecast Growth
K has been the subject of several analyst reports. ATB Cormark Capital Markets upgraded Kinross Gold from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from C$41.00 to C$45.00 in a research note on Friday, July 31st. Freedom Capital upgraded shares of Kinross Gold from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 18th. Jefferies Financial Group dropped their price objective on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. National Bank Financial cut their price objective on shares of Kinross Gold from C$50.00 to C$47.50 and set an "outperform" rating for the company in a research report on Friday, July 31st. Finally, BMO Capital Markets raised their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Kinross Gold has a consensus rating of "Buy" and a consensus target price of C$47.36.
Check Out Our Latest Report on Kinross Gold
About Kinross Gold
(
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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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