Kinross Gold Co. (TSE:K) Senior Officer Claude J.S. Schimper Sells 10,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$15.63, for a total value of C$156,300.00.

Kinross Gold Trading Up 3.1 %

K stock opened at C$16.09 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The company has a market cap of C$13.99 billion, a price-to-earnings ratio of 18.94, a PEG ratio of -0.60 and a beta of 1.24. The business has a fifty day simple moving average of C$15.42 and a 200-day simple moving average of C$14.06. Kinross Gold Co. has a 52 week low of C$7.04 and a 52 week high of C$17.63.

Kinross Gold Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price target on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and a consensus 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.