Kinross Gold Co. (TSE:K) Director Jonathan Paul Rollinson Sells 1,300,000 Shares of 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 that occurred on Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total value 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 Trading Up 2.3 %

Shares of TSE K opened at C$14.01 on Wednesday. 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 business’s 50 day moving average price is C$13.65 and its 200-day moving average price is C$12.20. Kinross Gold Co. has a fifty-two week low of C$6.46 and a fifty-two week high of C$14.95. The company has a market cap of C$17.23 billion, a price-to-earnings ratio of 25.94, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a $0.041 dividend. The ex-dividend date is Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.17%. Kinross Gold’s payout ratio is 29.63%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group decreased their price objective 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. Eight Capital upped their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Stifel Nicolaus upped their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently 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.