Kinross Gold Co. (TSE:K) Senior Officer Sells 5,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total transaction of C$89,850.00.

Claude J.S. Schimper also recently made the following trade(s):

• On Monday, March 10th, Claude J.S. Schimper sold 20,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.86, for a total transaction of C$317,156.00.
• On Monday, March 3rd, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.63, for a total value of C$156,300.00.

Kinross Gold Stock Performance

Shares of TSE:K remained flat at C$17.88 during trading on Friday. The stock had a trading volume of 1,610,533 shares, compared to its average volume of 3,503,570. The company has a market cap of C$15.55 billion, a price-to-earnings ratio of 21.05, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold Co. has a 12 month low of C$8.33 and a 12 month high of C$18.45. The company’s 50 day moving average is C$16.30 and its 200-day moving average is C$14.59.

Kinross Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.67%. Kinross Gold’s payout ratio is 18.84%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on K shares. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, National Bankshares upped their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$17.10.

Kinross Gold Company Profile

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.