Laurence Davies Sells 10,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Laurence Davies sold 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$16.58, for a total transaction of C$165,800.00.

Kinross Gold Price Performance

TSE K opened at C$17.17 on Wednesday. The company has a 50 day simple moving average of C$15.95 and a 200-day simple moving average of C$14.32. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a market capitalization of C$14.93 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 52-week low of C$7.40 and a 52-week high of C$17.63.

Kinross Gold Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. Kinross Gold’s dividend payout ratio (DPR) is 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, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.