Kinross Gold Co. (TSE:K) Senior Officer Claude J.S. Schimper Sells 5,000 Shares

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of Kinross Gold stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of C$17.97, for a total transaction of C$89,850.00.

Claude J.S. Schimper also recently made the following trade(s):

• On Monday, March 10th, Claude J.S. Schimper sold 20,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.86, for a total transaction of C$317,156.00.
• On Monday, March 3rd, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The stock was sold at an average price of C$15.63, for a total value of C$156,300.00.

Kinross Gold Stock Performance

TSE:K remained flat at C$17.88 on Friday. The company’s stock had a trading volume of 1,610,533 shares, compared to its average volume of 3,503,570. Kinross Gold Co. has a 1 year low of C$8.33 and a 1 year high of C$18.45. The stock’s fifty day moving average price is C$16.30 and its 200-day moving average price is C$14.59. The stock has a market cap of C$15.55 billion, a price-to-earnings ratio of 21.05, a PEG 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.67%. Kinross Gold’s payout ratio is 18.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Canada upgraded Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. National Bankshares upped their target price on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.