Kinross Gold Co. (TSE:K) Senior Officer Claude J.S. Schimper Sells 10,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00.

Kinross Gold Trading Up 3.1 %

K stock traded up C$0.49 during midday trading on Tuesday, hitting C$16.09. 3,796,375 shares of the company’s stock were exchanged, compared to its average volume of 3,489,425. Kinross Gold Co. has a one year low of C$7.04 and a one year high of C$17.63. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market cap of C$13.99 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The stock’s fifty day moving average price is C$15.37 and its 200-day moving average price is C$14.04.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analyst Weigh In

Separately, National Bankshares increased their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold has a consensus rating of “Buy” and an average target price of C$17.10.

Kinross Gold Company Profile

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.