Insider Selling: Kinross Gold (TSE:K) Insider Sells 16,980 Shares of Stock
by Amy Steele · The Cerbat GemKinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) insider Afjal Hashim sold 16,980 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$37.20, for a total transaction of C$631,656.00. Following the completion of the transaction, the insider directly owned 28,306 shares of the company’s stock, valued at approximately C$1,052,983.20. The trade was a 37.50% decrease in their position.
Kinross Gold Price Performance
TSE K remained flat at C$43.87 during trading hours on Friday. The company’s stock had a trading volume of 3,118,377 shares, compared to its average volume of 4,524,616. Kinross Gold Co. has a 52 week low of C$16.03 and a 52 week high of C$53.57. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. The stock has a 50 day moving average price of C$44.75 and a 200-day moving average price of C$40.00. The stock has a market capitalization of C$52.54 billion, a PE ratio of 22.50, a PEG ratio of -0.60 and a beta of 1.11.
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. The business had revenue of C$2.68 billion during the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Royal Bank Of Canada upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. National Bank Financial boosted their price objective on shares of Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus raised their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$51.50.
Kinross Gold Company Profile
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.