Insider Selling: Kinross Gold Co. (TSE:K) Director Sells 1,300,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 1,300,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00.

Jonathan Paul Rollinson also recently made the following trade(s):

• On Monday, November 11th, Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00.

Kinross Gold Stock Up 2.3 %

Shares of K stock traded up C$0.31 on Tuesday, hitting C$14.01. The stock had a trading volume of 3,473,594 shares, compared to its average volume of 3,327,513. Kinross Gold Co. has a 12-month low of C$6.46 and a 12-month high of C$14.95. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The business has a 50 day moving average of C$13.65 and a 200 day moving average of C$12.20. The stock has a market cap of C$17.23 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th will be paid a $0.041 dividend. The ex-dividend date is Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.17%. Kinross Gold’s payout ratio is presently 29.63%.

Analyst Upgrades and Downgrades

K has been the subject of several research reports. National Bankshares lifted their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Canaccord Genuity Group decreased their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, Eight Capital raised their price target 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$16.70.

About Kinross Gold

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.