Claude J.S. Schimper Sells 15,000 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Claude J.S. Schimper sold 15,000 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$40.33, for a total transaction of C$604,950.00. Following the transaction, the insider owned 49,060 shares in the company, valued at C$1,978,589.80. This represents a 23.42% decrease in their position.

Claude J.S. Schimper also recently made the following trade(s):

• On Monday, May 25th, Claude J.S. Schimper sold 12,000 shares of Kinross Gold stock. The shares were sold at an average price of C$40.49, for a total transaction of C$485,880.00.
• On Wednesday, May 6th, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The stock was sold at an average price of C$41.96, for a total transaction of C$419,600.00.

Kinross Gold Stock Performance

Shares of TSE:K traded down C$0.29 during trading on Tuesday, hitting C$40.67. The company’s stock had a trading volume of 4,269,860 shares, compared to its average volume of 3,895,202. The company has a 50-day moving average of C$42.26 and a 200-day moving average of C$42.36. Kinross Gold Co. has a 12 month low of C$19.75 and a 12 month high of C$53.57. The company has a debt-to-equity ratio of 8.12, a current ratio of 2.84 and a quick ratio of 1.11. The firm has a market cap of C$48.56 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 earnings per share for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The firm had revenue of C$3.35 billion for the quarter. On average, sell-side analysts expect that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on K. National Bank Financial lowered their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. BMO Capital Markets raised their target price on shares of Kinross Gold from C$45.00 to C$55.00 in a research note on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 target price on the stock in a research note on Friday, May 1st. Finally, Royal Bank Of Canada upgraded shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$52.42.

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.