Kinross Gold Co. (TSE:K) Senior Officer Sells C$61,411.71 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71.

Kinross Gold Price Performance

Shares of K stock opened at C$13.21 on Friday. The stock’s fifty day simple moving average is C$12.28 and its 200 day simple moving average is C$10.65. Kinross Gold Co. has a one year low of C$5.91 and a one year high of C$13.70. The firm has a market cap of C$16.25 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, July 31st. The company reported C$0.19 EPS for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The company had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$1.39 billion. On average, analysts expect that Kinross Gold Co. will post 1.0170543 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.041 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.24%. Kinross Gold’s dividend payout ratio (DPR) is presently 29.63%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Eight Capital raised their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. National Bankshares raised their target price on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Canaccord Genuity Group decreased their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$14.60.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.