Geoffrey Peters Gold Sells 100,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Geoffrey Peters Gold sold 100,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00.

Geoffrey Peters Gold also recently made the following trade(s):

• On Thursday, December 5th, Geoffrey Peters Gold sold 1,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.11, for a total transaction of C$14,106.00.

Kinross Gold Stock Down 2.8 %

Shares of TSE K opened at C$13.90 on Friday. The stock has a fifty day moving average price of C$13.92 and a 200 day moving average price of C$12.53. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. Kinross Gold Co. has a 12-month low of C$6.46 and a 12-month high of C$14.97. The company has a market cap of C$17.10 billion, a P/E ratio of 25.74, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors 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 dividend yield of 1.18%. Kinross Gold’s payout ratio is currently 29.63%.

Wall Street Analysts Forecast Growth

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