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

by · The Cerbat Gem

Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) insider Claude J.S. Schimper sold 15,000 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 49,060 shares of the company’s stock, valued at approximately C$1,978,589.80. This trade represents a 23.42% decrease in their ownership of the stock.

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 shares were sold at an average price of C$41.96, for a total transaction of C$419,600.00.

Kinross Gold Price Performance

K traded down C$0.29 during trading on Tuesday, reaching C$40.67. 4,269,860 shares of the company traded hands, compared to its average volume of 3,895,202. The company has a debt-to-equity ratio of 8.12, a quick ratio of 1.11 and a current ratio of 2.84. Kinross Gold Co. has a 12-month low of C$19.75 and a 12-month high of C$53.57. The firm has a fifty day simple moving average of C$42.26 and a 200 day simple moving average of C$42.36. The company has a market cap of C$48.56 billion, a P/E ratio of 17.31, a PEG ratio of -0.60 and a beta of 1.47.

Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.99 earnings per share (EPS) for the quarter. Kinross Gold had a net margin of 36.03% and a return on equity of 34.63%. The business had revenue of C$3.35 billion during the quarter. On average, equities analysts forecast that Kinross Gold Co. will post 1.0071259 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. National Bank Financial cut their price objective on shares of Kinross Gold from C$60.00 to C$57.50 and set an “outperform” rating for the company in a report on Friday, April 17th. ATB Cormark Capital Markets raised shares of Kinross Gold from a “hold” rating to a “moderate buy” rating and set a C$56.00 price objective for the company in a report on Friday, May 1st. Freedom Capital raised shares of Kinross Gold from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Stifel Nicolaus raised their target price on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a “buy” rating in a 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 report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$52.42.

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About Kinross Gold

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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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