Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 18,834 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Geoffrey Peters Gold sold 18,834 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$21.27, for a total value of C$400,599.18.

Kinross Gold Price Performance

K stock opened at C$21.20 on Thursday. 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 capitalization of C$18.43 billion, a PE ratio of 24.96, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 12-month low of C$9.91 and a 12-month high of C$22.01. The business’s fifty day moving average price is C$19.70 and its 200 day moving average price is C$16.80.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.57%. Kinross Gold’s dividend payout ratio is presently 18.84%.

Wall Street Analysts Forecast Growth

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