Jonathan Paul Rollinson Sells 1,300,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 1,300,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00.

Jonathan Paul Rollinson also recently made the following trade(s):

• On Monday, November 11th, Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00.

Kinross Gold Stock Down 1.9 %

K opened at C$13.74 on Thursday. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The company has a market capitalization of C$16.90 billion, a PE ratio of 26.17, a P/E/G ratio of -0.60 and a beta of 1.24. The stock’s fifty day moving average is C$13.66 and its 200-day moving average is C$12.24. Kinross Gold Co. has a one year low of C$6.46 and a one year high of C$14.95.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold’s payout ratio is 29.63%.

Analyst Upgrades and Downgrades

Several analysts recently commented on K shares. Canaccord Genuity Group lowered their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Stifel Nicolaus raised their price target on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares upped their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus 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.