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 business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$17.97, for a total value 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 shares were 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 stock was sold at an average price of C$15.63, for a total transaction of C$156,300.00.

Kinross Gold Stock Performance

Shares of TSE:K opened at C$17.88 on Monday. Kinross Gold Co. has a 52-week low of C$8.33 and a 52-week high of C$18.45. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a market cap of C$15.55 billion, a P/E ratio of 21.05, a P/E/G ratio of -0.60 and a beta of 1.24. The stock’s 50-day moving average is C$16.36 and its 200-day moving average is C$14.68.

Kinross Gold Cuts Dividend

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

Wall Street Analyst Weigh In

K has been the subject of several analyst reports. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, National Bankshares raised their price objective on 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. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Company Profile

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.