Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 10,000 Shares of Stock

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

Kinross Gold Stock Up 3.1 %

Shares of Kinross Gold stock traded up C$0.49 during trading hours on Tuesday, reaching C$16.09. 3,796,375 shares of the company’s stock were exchanged, compared to its average volume of 3,489,425. The stock has a market cap of C$13.99 billion, a P/E ratio of 18.94, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a 50 day moving average of C$15.37 and a two-hundred day moving average of C$14.04. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. Kinross Gold Co. has a fifty-two week low of C$7.04 and a fifty-two week high of C$17.63.

Kinross Gold Cuts Dividend

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

Analyst Ratings Changes

Separately, National Bankshares lifted their target price on 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.