Kinross Gold Co. (K) Insider Sells C$66,342.40 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Bobby Lee Musgrove sold 18,688 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of C$3.55, for a total transaction of C$66,342.40.

Shares of TSE K opened at C$4.88 on Thursday. Kinross Gold Co. has a fifty-two week low of C$4.44 and a fifty-two week high of C$5.96.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Tuesday, May 8th. The company reported C$0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.06 by C$0.07. The firm had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.03 billion. Kinross Gold had a net margin of 7.26% and a return on equity of 5.54%.

Several brokerages recently weighed in on K. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Kinross Gold in a research report on Wednesday, May 9th. Canaccord Genuity dropped their price target on shares of Kinross Gold from C$10.50 to C$10.00 in a research report on Monday, April 23rd. Finally, BMO Capital Markets cut shares of Kinross Gold from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of C$8.17.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, and processing of gold-containing ore. It also engages in the reclamation of gold mining properties; and production and sale of silver. The company's gold production and exploration activities are carried out principally in Canada, the United States, Russia, Brazil, Chile, Ghana, and Mauritania.

Insider Buying and Selling by Quarter for Kinross Gold (TSE:K)

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