Insider Selling: Kinross Gold Co. (TSE:K) Director Sells 1,300,000 Shares of 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 dated 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 stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00.

Kinross Gold Price Performance

Shares of K stock traded up C$0.31 during trading hours on Tuesday, reaching C$14.01. The stock had a trading volume of 3,473,594 shares, compared to its average volume of 3,327,513. The stock’s fifty day simple moving average is C$13.65 and its 200 day simple moving average is C$12.20. The firm has a market capitalization of C$17.23 billion, a PE ratio of 25.94, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 12 month low of C$6.46 and a 12 month high of C$14.95. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be issued a $0.041 dividend. The ex-dividend date is Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.17%. Kinross Gold’s payout ratio is currently 29.63%.

Wall Street Analyst Weigh In

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

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.