Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 7,122 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02.

Kinross Gold Price Performance

Shares of TSE K opened at C$14.27 on Friday. The firm has a 50-day simple moving average of C$13.62 and a 200-day simple moving average of C$12.17. The stock has a market capitalization of C$17.55 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. Kinross Gold Co. has a 52 week low of C$6.46 and a 52 week high of C$14.95.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be given a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Analysts Set New Price Targets

A number of analysts recently issued reports on K shares. Stifel Nicolaus increased their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Eight Capital upped their price objective on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. National Bankshares upped their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group reduced their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock 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.