Kinross Gold (TSE:K) Insider Daniel Fombonne Sells 2,003 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Daniel Fombonne sold 2,003 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of C$38.48, for a total transaction of C$77,075.44. Following the completion of the transaction, the insider directly owned 16,155 shares in the company, valued at approximately C$621,644.40. The trade was a 11.03% decrease in their ownership of the stock.

Kinross Gold Price Performance

K opened at C$38.46 on Tuesday. The company has a fifty day moving average price of C$34.91 and a two-hundred day moving average price of C$40.41. The firm has a market capitalization of C$45.62 billion, a PE 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 company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share 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 for the quarter. As a group, analysts anticipate that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. National Bank Financial lowered their price target on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating for the company in a research note on Friday, July 31st. BMO Capital Markets lifted their price objective on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. Jefferies Financial Group decreased 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 increased their target price for the stock from C$41.00 to C$45.00 in a report on Friday, July 31st. Finally, Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Kinross Gold presently has an average rating of “Buy” and a consensus price target of C$47.36.

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.