Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells C$89,850.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total value of C$89,850.00.

Claude J.S. Schimper also recently made the following trade(s):

• On Monday, March 10th, Claude J.S. Schimper sold 20,000 shares of Kinross Gold stock. The stock was sold at an average price of C$15.86, for a total transaction of C$317,156.00.
• On Monday, March 3rd, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.63, for a total transaction of C$156,300.00.

Kinross Gold Stock Performance

K stock opened at C$17.88 on Monday. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market capitalization of C$15.55 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a fifty day moving average price of C$16.36 and a 200 day moving average price of C$14.68. Kinross Gold Co. has a fifty-two week low of C$8.33 and a fifty-two week high of C$18.45.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.67%. Kinross Gold’s dividend payout ratio is 18.84%.

Analyst Ratings Changes

K has been the topic of several analyst reports. National Bankshares upped their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Stifel Canada raised Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$17.10.

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.