Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells C$1,512,061.34 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Geoffrey Peters Gold sold 99,347 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of C$15.22, for a total transaction of C$1,512,061.34.

Geoffrey Peters Gold also recently made the following trade(s):

• On Monday, December 9th, Geoffrey Peters Gold sold 100,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00.
• On Thursday, December 5th, Geoffrey Peters Gold sold 1,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.11, for a total transaction of C$14,106.00.

Kinross Gold Stock Up 0.8 %

Shares of K stock opened at C$16.06 on Friday. Kinross Gold Co. has a 12 month low of C$7.17 and a 12 month high of C$17.63. The stock has a market cap of C$13.96 billion, a P/E ratio of 18.91, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company has a 50 day simple moving average of C$15.53 and a two-hundred day simple moving average of C$14.10.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Analysts Set New Price Targets

Separately, National Bankshares boosted their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$17.10.

About Kinross Gold

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.