Lucas Crosby Sells 791 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Lucas Crosby sold 791 shares of Kinross Gold stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$39.12, for a total value of C$30,943.92. Following the completion of the sale, the insider directly owned 33,988 shares of the company’s stock, valued at C$1,329,610.56. This trade represents a 2.27% decrease in their ownership of the stock.

Kinross Gold Stock Up 0.4%

TSE K opened at C$39.52 on Friday. The stock has a fifty day moving average of C$42.46 and a 200-day moving average of C$42.20. The stock has a market capitalization of C$47.19 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47. Kinross Gold Co. has a 52 week low of C$19.75 and a 52 week high of C$53.57. The company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Wednesday, April 29th. The company reported C$0.99 EPS for the quarter. The company had revenue of C$3.35 billion during the quarter. Kinross Gold had a return on equity of 34.63% and a net margin of 36.03%. On average, equities research analysts forecast that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on K shares. Stifel Nicolaus lifted their target price on 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. Royal Bank Of Canada upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price target on the stock in a research report on Friday, May 1st. BMO Capital Markets raised their price target on Kinross Gold from C$45.00 to C$55.00 in a research report on Wednesday, April 22nd. Finally, Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$52.42.

About Kinross Gold

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.