Kinross Gold Co. insider Claude J.S. Schimper, who informed about a case study at the conference Mines and Technology, sold newly 14,500 shares of the firm’s stock in a transaction. The stock was sold at an average price of C$5.69, for a total value of C$82,505.00.
In his presentation on 30th of May in Helsinki, Claude J. S Schimper focused on people för optimizing productivity on the mine. He was evaluating how Kinross Gold primarily achieved greater operational gains across all mines through staff.
He joined Kinross Gold Corporation as Vice President & General Manager, Kupol Gold Mine, in April 2010, and assumed the position of the company’s Regional Vice President for the Russian region in July 2014.
Schimper explained how to successfully implement a strategy across a wide range of mines in a variety of locations. He analysed the current impact of this approach and the key challenges fased to date. He said that the mining staff have to be proper educated despite cultural differences or where ever the mother company is active.
Claude Schimper has over 30 years of gold mining industry experience. Before Kinross, Claude was COO of Balkan Resources Inc., and had earlier worked at Placer Dome, Canada, and several South African mines including AngloGold Ashanti’s Mponeng gold mine.
Claude received a South African National Higher Diploma in Metalliferous Mining at the Technikon Witwatersrand (Johannesburg, South Africa).
A number of research firms recently issued reports on K. BMO Capital Markets upgraded Kinross Gold from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$3.75 to C$5.00 in a report on Monday.
TD Securities restated a “buy” rating and set a C$4.50 price objective on shares of Kinross Gold in a report on Thursday, February 9th. ValuEnginecut Kinross Gold from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Royal Bank of Canada lifted their target price on Kinross Gold to C$6.50 and gave the company an “outperform” rating in a research report on Tuesday, May 9th.
Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$4.00 target price on shares of Kinross Gold in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kinross Gold currently has a consensus rating of “Buy” and a consensus price target of C$6.03.
Kinross Gold Company Profile
Kinross Gold Corporation is a gold mining company. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of gold-containing ore, and reclamation of gold mining properties.
The Company’s segments include Fort Knox, Round Mountain, Bald Mountain, Kettle River-Buckhorn, Kupol, Paracatu, Maricunga, Tasiast and Chirano.
