Kinross Gold (TSE:K) Insider Sells C$631,656.00 in Stock

Key Points

• Insider sale: Afjal Hashim sold 16,980 shares at C$37.20 on March 19 for C$631,656, reducing his ownership by 37.5% to 28,306 shares (≈C$1.05M).
• TSE:K traded flat at C$43.87 with a market cap of C$52.54B and a P/E of 22.50; Kinross reported Q EPS of C$0.92 and revenue of C$2.68B, with a 30.66% ROE and 33.95% net margin.
• Analysts are more positive lately—RBC upgraded to "moderate buy" and National Bank and Stifel raised targets to C$60 and C$65 respectively, leaving a consensus "Buy" rating and an average price target of C$51.50.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC insider Afjal Hashim sold 16,980 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the completion of the transaction, the insider directly owned 28,306 shares in the company, valued at approximately C$1,052,983.20. This represents a 37.50% decrease in their ownership of the stock.

Kinross Gold Stock Performance

TSE K remained flat at C$43.87 on Friday. The company had a trading volume of 3,118,377 shares, compared to its average volume of 4,524,616. The business has a 50-day simple moving average of C$44.75 and a 200 day simple moving average of C$40.00. Kinross Gold Co. has a 12 month low of C$16.03 and a 12 month high of C$53.57. The company has a quick ratio of 1.11, a current ratio of 2.35 and a debt-to-equity ratio of 9.08. The firm has a market cap of C$52.54 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of -0.60 and a beta of 1.11.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its quarterly earnings results on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%.The business had revenue of C$2.68 billion during the quarter. As a group, sell-side analysts predict that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Analyst Upgrades and Downgrades

K has been the topic of a number of recent analyst reports. 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. National Bank Financial upped their price target on shares of Kinross Gold from C$52.50 to C$60.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Finally, Stifel Nicolaus raised their price objective on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$51.50.

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.

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