Kinross Gold Co. (TSE:K) Senior Officer Claude J.S. Schimper Sells 5,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total transaction of C$89,850.00.

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

• On Monday, March 10th, Claude J.S. Schimper sold 20,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.86, for a total value of C$317,156.00.
• On Monday, March 3rd, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The shares were 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$17.88 on Friday. The company’s 50-day simple moving average is C$16.36 and its 200-day simple moving average is C$14.63. The firm has a market cap of C$15.55 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth 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 Co. has a 52-week low of C$8.33 and a 52-week high of C$18.45.

Kinross Gold Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.67%. Kinross Gold’s dividend payout ratio (DPR) is currently 18.84%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on K shares. Stifel Canada raised shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares upped their price target 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. Finally, National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$17.10.

Kinross Gold Company Profile

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.