Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells C$317,156.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 20,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of C$15.86, for a total value of C$317,156.00.

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

• 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 Price Performance

Shares of TSE:K opened at C$16.47 on Friday. The business has a 50 day moving average price of C$15.73 and a 200 day moving average price of C$14.20. Kinross Gold Co. has a twelve month low of C$7.40 and a twelve month high of C$17.63. The company has a market cap of C$14.32 billion, a price-to-earnings ratio of 19.39, a PEG ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors 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 0.73%. Kinross Gold’s payout ratio is 18.84%.

Analyst Upgrades and Downgrades

Separately, National Bankshares increased their target price 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company 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.