Key Points
- Kinross Gold insider William Dunford sold 30,000 shares at an average price of C$40.77, generating proceeds of approximately C$1.22 million and reducing his direct ownership by 52.29% to 27,374 shares.
- Kinross reported quarterly revenue of C$3.18 billion and earnings of C$1.01 per share, with a 35.91% return on equity and a 37.56% net margin.
- Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of C$47.36, although some firms recently lowered their targets.
Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC) insider William Dunford sold 30,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total value of C$1,223,100.00. Following the transaction, the insider directly owned 27,374 shares in the company, valued at C$1,116,037.98. The trade was a 52.29% decrease in their ownership of the stock.
Kinross Gold Stock Performance
K stock opened at C$43.38 on Friday. The company has a debt-to-equity ratio of 7.65, a current ratio of 2.89 and a quick ratio of 1.11. Kinross Gold Co. has a 1 year low of C$26.45 and a 1 year high of C$53.57. The company has a market cap of C$51.46 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. The stock's fifty day moving average price is C$35.30 and its 200-day moving average price is C$40.26.
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 company had revenue of C$3.18 billion during the quarter. On average, equities analysts forecast that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Freedom Capital raised 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 report on Monday, July 6th. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a "hold" rating to a "moderate buy" rating and boosted their target price for the company from C$41.00 to C$45.00 in a research report on Friday, July 31st. Finally, National Bank Financial reduced their target price on shares of Kinross Gold from C$50.00 to C$47.50 and set an "outperform" rating for the company in a report on Friday, July 31st. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of C$47.36.
Check Out Our Latest Report on Kinross Gold
About Kinross Gold
(
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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