Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 4,500 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00.

Claude J.S. Schimper also recently made the following trade(s):

• On Tuesday, May 21st, Claude J.S. Schimper sold 7,000 shares of Kinross Gold stock. The shares were sold at an average price of C$11.09, for a total transaction of C$77,630.00.

Kinross Gold Stock Performance

TSE:K traded up C$0.31 on Friday, hitting C$12.56. The stock had a trading volume of 3,410,680 shares, compared to its average volume of 3,271,134. Kinross Gold Co. has a 52-week low of C$5.91 and a 52-week high of C$13.08. The stock has a market cap of C$15.45 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of -0.60 and a beta of 1.23. 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 business’s 50-day simple moving average is C$11.58 and its two-hundred day simple moving average is C$9.66.

Kinross Gold Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.041 per share. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 22nd. Kinross Gold’s dividend payout ratio is currently 30.91%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Eight Capital upped their price target on Kinross Gold from C$11.00 to C$15.00 in a research note on Thursday, July 11th. National Bankshares boosted their price target on Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Cormark raised Kinross Gold from a “market perform” rating to a “buy” rating and increased their price objective for the company from C$11.00 to C$13.00 in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group raised their price target on shares of Kinross Gold from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold presently has an average rating of “Buy” and an average price target of C$13.33.

About Kinross Gold

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.