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

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider William Dunford sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$40.77, for a total transaction of C$1,223,100.00. Following the completion of the sale, the insider directly owned 27,374 shares in the company, valued at C$1,116,037.98. This represents a 52.29% decrease in their ownership of the stock.

Kinross Gold Stock Performance

TSE K opened at C$43.38 on Friday. The company has a debt-to-equity ratio of 7.65, a quick ratio of 1.11 and a current ratio of 2.89. The company has a fifty day moving average of C$35.30 and a 200-day moving average of C$40.26. Kinross Gold Co. has a 52-week low of C$26.45 and a 52-week high of C$53.57. The company has a market capitalization of C$51.46 billion, a P/E ratio of 16.49, a P/E/G ratio of -0.60 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on K. National Bank Financial dropped their price objective 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. Freedom Capital upgraded Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Jefferies Financial Group decreased their price target on shares of Kinross Gold from C$41.00 to C$38.00 in a research note on Monday, July 6th. Finally, ATB Cormark Capital Markets upgraded Kinross Gold from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$41.00 to C$45.00 in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Kinross Gold presently has an average rating of “Buy” and an average price target of C$47.36.

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.