George Nickolas Paspalas Purchases 2,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Nickolas Paspalas acquired 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of C$19.20 per share, for a total transaction of C$38,400.00.

Kinross Gold Stock Performance

Shares of Kinross Gold stock opened at C$18.85 on Thursday. The company has a 50 day moving average of C$18.74 and a 200-day moving average of C$16.14. Kinross Gold Co. has a 1-year low of C$9.91 and a 1-year high of C$22.01. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The company has a market cap of C$16.39 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.64%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analysts Forecast Growth

K has been the topic of several recent analyst reports. BMO Capital Markets upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Wednesday, April 16th. National Bankshares lifted their target price on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$23.50 to C$24.50 and gave the company a “buy” rating in a report on Wednesday, May 7th. National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$20.00.

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.