Kinross Gold Co. (TSE:K) Director Sells C$18,200,000.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 1,300,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction 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 transaction of C$2,802,000.00.

Kinross Gold Stock Up 0.9 %

Kinross Gold stock opened at C$13.86 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company has a 50 day moving average of C$13.68 and a 200-day moving average of C$12.27. Kinross Gold Co. has a twelve month low of C$6.46 and a twelve month high of C$14.95. The stock has a market capitalization of C$17.05 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be given a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 28th. Kinross Gold’s dividend payout ratio is 29.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Canaccord Genuity Group lowered their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, September 13th. National Bankshares upped their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Eight Capital upped their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price 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.