Kinross Gold Co. (TSE:K) Director George Nickolas Paspalas Buys 5,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Nickolas Paspalas purchased 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00.

Kinross Gold Stock Performance

Shares of TSE:K traded down C$0.23 on Tuesday, hitting C$13.67. 797,443 shares of the company were exchanged, compared to its average volume of 3,307,037. The firm has a market capitalization of C$16.81 billion, a price-to-earnings ratio of 25.74, a PEG ratio of -0.60 and a beta of 1.24. The company’s 50 day moving average price is C$13.94 and its two-hundred day moving average price is C$12.56. Kinross Gold Co. has a one year low of C$6.46 and a one year high of C$14.97. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were paid a $0.041 dividend. The ex-dividend date was Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a yield of 1.20%. Kinross Gold’s payout ratio is currently 29.63%.

Wall Street Analysts Forecast Growth

K has been the topic of several recent research reports. Stifel Nicolaus lifted their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Eight Capital lifted their price objective 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. National Bankshares lifted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group dropped their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and a consensus price target 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.