Kinross Gold Co. (TSE:K) Director Sells C$2,802,000.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00.

Kinross Gold Stock Performance

Shares of Kinross Gold stock traded down C$0.16 on Friday, reaching C$13.04. 2,972,820 shares of the company traded hands, compared to its average volume of 3,316,151. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market capitalization of C$16.04 billion, a PE ratio of 24.44, a PEG ratio of -0.60 and a beta of 1.24. The company has a 50 day moving average of C$13.37 and a 200 day moving average of C$11.97. Kinross Gold Co. has a 52 week low of C$6.46 and a 52 week high of C$14.95.

Kinross Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a dividend of $0.041 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.26%. Kinross Gold’s dividend payout ratio is presently 29.63%.

Analyst Upgrades and Downgrades

K has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Eight Capital upped their price target on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Canaccord Genuity Group lowered their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, National Bankshares boosted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$16.70.

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.