Kinross Gold Co. (TSE:K) Senior Officer Sells C$89,850.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of the company’s stock in a transaction on Friday, March 28th. The shares were 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 stock was 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 transaction of C$156,300.00.

Kinross Gold Price Performance

Kinross Gold stock opened at C$17.88 on Friday. The firm has a market capitalization of C$15.55 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth 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 fifty-two week low of C$8.33 and a fifty-two week high of C$18.45. The stock’s fifty day moving average is C$16.36 and its two-hundred day moving average is C$14.65.

Kinross Gold Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on K shares. National Bankshares raised their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and an average price target of C$17.10.

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.