Kinross Gold Co. (TSE:K) Senior Officer Sells C$165,800.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Laurence Davies sold 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$16.58, for a total transaction of C$165,800.00.

Kinross Gold Stock Performance

K opened at C$17.17 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The company has a market cap of C$14.93 billion, a price-to-earnings ratio of 20.21, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 52-week low of C$7.40 and a 52-week high of C$17.63. The firm’s fifty day simple moving average is C$15.89 and its two-hundred day simple moving average is C$14.30.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.70%. Kinross Gold’s payout ratio is 18.84%.

Analysts Set New Price Targets

Separately, National Bankshares raised 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 report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.