Kinross Gold Co. (TSE:K) Director George Nickolas Paspalas Purchases 5,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Nickolas Paspalas purchased 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$13.79 per share, for a total transaction of C$68,950.00.

Kinross Gold Stock Performance

K opened at C$13.70 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market cap of C$16.85 billion, a PE ratio of 25.37, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a fifty day simple moving average of C$13.96 and a 200-day simple moving average of C$12.57. Kinross Gold Co. has a fifty-two week low of C$6.46 and a fifty-two week high of C$14.97.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were issued a dividend of $0.041 per share. The ex-dividend date was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.20%. Kinross Gold’s payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on K. Eight Capital increased their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Stifel Nicolaus increased their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Canaccord Genuity Group dropped their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, National Bankshares increased their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$16.70.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.