Kinross Gold Co. (TSE:K) Director George Nickolas Paspalas Acquires 5,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Nickolas Paspalas purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of C$13.79 per share, with a total value of C$68,950.00.

Kinross Gold Stock Down 4.9 %

TSE K opened at C$13.03 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold Co. has a 12 month low of C$6.46 and a 12 month high of C$14.97. The stock’s 50 day moving average is C$13.96 and its 200 day moving average is C$12.58. The stock has a market cap of C$16.03 billion, a PE ratio of 24.13, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a dividend of $0.041 per share. The ex-dividend date was 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 29.63%.

Analysts Set New Price Targets

K has been the subject of a number of analyst reports. Eight Capital raised their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Stifel Nicolaus raised their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Canaccord Genuity Group lowered their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, September 13th. Finally, National Bankshares increased 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average price target 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.