Kinross Gold Co. (TSE:K) Director Buys C$80,369.87 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Vincent Albino purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, with a total value of C$80,369.87.

Kinross Gold Price Performance

Shares of K opened at C$15.62 on Friday. The firm has a 50-day simple moving average of C$15.11 and a two-hundred day simple moving average of C$13.86. The stock has a market cap of C$13.58 billion, a PE ratio of 18.39, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 1-year low of C$6.46 and a 1-year high of C$17.63. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Kinross Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.77%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analyst Weigh In

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