Insider Buying: Kinross Gold Co. (TSE:K) Director Buys 5,000 Shares of Stock

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

Kinross Gold Stock Down 1.7 %

Shares of K stock traded down C$0.23 during trading hours on Tuesday, hitting C$13.67. 797,443 shares of the company were exchanged, compared to its average volume of 3,307,037. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold Co. has a one year low of C$6.46 and a one year high of C$14.97. The business’s 50-day simple moving average is C$13.94 and its two-hundred day simple moving average is C$12.56. The stock has a market capitalization of C$16.81 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. 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 report on Wednesday, October 23rd. Canaccord Genuity Group lowered their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research note on Friday, September 13th. Eight Capital raised their target price on 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. Finally, Stifel Nicolaus raised their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold presently has an average rating of “Buy” and a consensus 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.