William Dunford Sells 30,000 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider William Dunford sold 30,000 shares of the company’s 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 completion of the transaction, the insider owned 27,374 shares of the company’s stock, 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 traded up C$1.73 during trading on Thursday, reaching C$43.03. 2,872,273 shares of the company’s stock were exchanged, compared to its average volume of 3,747,576. Kinross Gold Co. has a fifty-two week low of C$26.45 and a fifty-two week high of C$53.57. The company has a quick ratio of 1.11, a current ratio of 2.89 and a debt-to-equity ratio of 7.65. The business has a 50 day moving average price of C$35.13 and a 200 day moving average price of C$40.25. The company has a market capitalization of C$51.04 billion, a P/E ratio of 16.36, a PEG ratio of -0.60 and a beta of 1.48.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 37.56% and a return on equity of 35.91%. The company had revenue of C$3.18 billion during the quarter. As a group, analysts predict that Kinross Gold Co. will post 1.0071259 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on K shares. Jefferies Financial Group dropped their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research report on Monday, July 6th. National Bank Financial decreased their price objective on Kinross Gold from C$50.00 to C$47.50 and set an “outperform” rating on the stock in a report on Friday, July 31st. BMO Capital Markets upped their price objective on Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. Freedom Capital raised Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$41.00 to C$45.00 in a research report on Friday, July 31st. One investment 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 stock. Based on data from MarketBeat.com, Kinross Gold presently has a consensus 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.