Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 12,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total transaction of C$156,600.00.

Kinross Gold Stock Performance

Shares of TSE K opened at C$13.15 on Thursday. The stock has a market cap of C$16.17 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 1 year low of C$5.91 and a 1 year high of C$13.70. The firm has a fifty day moving average price of C$12.27 and a 200-day moving average price of C$10.61. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.01. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. The business had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. Equities analysts anticipate that Kinross Gold Co. will post 1.0170543 earnings per share for the current fiscal year.

Kinross Gold Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a dividend of $0.041 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.25%. Kinross Gold’s dividend payout ratio is currently 29.63%.

Analysts Set New Price Targets

Several research analysts have weighed in on K shares. National Bankshares increased their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Eight Capital upped their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and a consensus target price of C$14.60.

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.