Shares of Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) have been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.10.
Separately, National Bankshares boosted their price target on shares of 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.
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Kinross Gold Stock Performance
Kinross Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.70%. Kinross Gold’s payout ratio is 18.84%.
Insider Transactions at Kinross Gold
In related news, Senior Officer Laurence Davies sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$16.58, for a total value of C$165,800.00. Also, Senior Officer Claude J.S. Schimper sold 20,000 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$15.86, for a total transaction of C$317,156.00. Insiders sold a total of 344,670 shares of company stock worth $5,276,336 in the last quarter. 0.26% of the stock is currently owned by corporate insiders.
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.
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