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

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

Kinross Gold Stock Performance

TSE K opened at C$16.42 on Thursday. The business’s 50-day moving average price is C$15.42 and its 200 day moving average price is C$14.06. Kinross Gold Co. has a twelve month low of C$7.10 and a twelve month high of C$17.63. The company has a market capitalization of C$14.28 billion, a PE ratio of 19.33, 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 Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 0.73%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Analyst Ratings Changes

Separately, National Bankshares upped 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 research note on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock 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.