Insider Selling: Kinross Gold Co. (TSE:K) Insider Sells 4,708 Shares of Stock
Kinross Gold Co. (TSE:K) (NYSE:KGC) insider Gregory Van Etter sold 4,708 shares of Kinross Gold stock in a transaction dated Monday, August 7th. The shares were sold at an average price of C$4.15, for a total value of C$19,538.20.
Kinross Gold Co. (TSE:K) traded down 0.95% during trading on Tuesday, reaching $5.24. The company’s stock had a trading volume of 2,628,702 shares. The firm’s market capitalization is $6.53 billion. The stock’s 50-day moving average is $5.24 and its 200 day moving average is $5.09. Kinross Gold Co. has a 52-week low of $3.87 and a 52-week high of $7.23.
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A number of analysts have recently issued reports on K shares. CIBC upgraded Kinross Gold from a “neutral” rating to an “outperform” rating and set a C$4.75 target price for the company in a report on Wednesday, May 3rd. Scotiabank reiterated a “sector perform” rating and set a C$5.50 target price on shares of Kinross Gold in a report on Thursday, May 4th. BMO Capital Markets upgraded Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$3.75 to C$5.00 in a report on Monday, May 29th. Royal Bank Of Canada boosted their target price on Kinross Gold to C$6.50 and gave the stock an “outperform” rating in a report on Tuesday, May 9th. Finally, ValuEngine cut Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$5.71.
About Kinross Gold
Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties. The companys gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
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