Kinross Gold (TSE:K) Insider Stephen Kerrigan Sells 791 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Stephen Kerrigan sold 791 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was 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 84,936 shares in the company, valued at approximately C$3,322,696.32. This trade represents a 0.92% decrease in their position.

Kinross Gold Trading Up 4.3%

Shares of TSE K opened at C$39.35 on Thursday. The company has a market cap of C$46.99 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of -0.60 and a beta of 1.47. 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 current ratio of 2.84, a quick ratio of 1.11 and a debt-to-equity ratio of 8.12. The stock’s 50 day simple moving average is C$42.56 and its 200 day simple moving average is C$42.15.

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

Wall Street Analyst Weigh In

Several analysts recently commented 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. ATB Cormark Capital Markets upgraded 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 report on Friday, May 1st. Stifel Nicolaus raised their target price on Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, National Bank Financial lowered their target price on Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price 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.