Afjal Hashim Sells 16,980 Shares of Kinross Gold (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Afjal Hashim sold 16,980 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 28,306 shares in the company, valued at approximately C$1,052,983.20. This represents a 37.50% decrease in their position.

Kinross Gold Price Performance

Shares of TSE K opened at C$43.87 on Monday. The firm’s 50-day moving average is C$44.75 and its two-hundred day moving average is C$40.12. The company has a market capitalization of C$52.54 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48. 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 debt-to-equity ratio of 9.08, a current ratio of 2.35 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 earnings per share (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 for the quarter. Equities analysts anticipate that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on K shares. National Bank Financial lifted their price target on Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Stifel Nicolaus raised their price objective 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. Finally, Royal Bank Of Canada raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and a consensus target price of C$51.50.

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.