Insider Selling: Kinross Gold Co. (TSE:K) Director Sells 205,318 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 205,318 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$3,124,939.96.

Jonathan Paul Rollinson also recently made the following trade(s):

• On Wednesday, February 26th, Jonathan Paul Rollinson sold 3 shares of Kinross Gold stock. The stock was sold at an average price of C$15.68, for a total transaction of C$47.04.

Kinross Gold Stock Performance

TSE:K opened at C$16.06 on Friday. The stock has a market capitalization of C$13.96 billion, a P/E ratio of 18.91, a price-to-earnings-growth 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. Kinross Gold Co. has a 1 year low of C$7.17 and a 1 year high of C$17.63. The firm has a 50 day moving average of C$15.53 and a 200-day moving average of C$14.10.

Kinross Gold Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.75%. Kinross Gold’s dividend payout ratio is 18.84%.

Wall Street Analyst Weigh In

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

Kinross Gold Company Profile

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.