Kinross Gold Co. (TSE:K) Senior Officer Claude J.S. Schimper Sells 7,122 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02.

Kinross Gold Stock Up 1.4 %

TSE:K opened at C$14.27 on Friday. The company has a market cap of C$17.55 billion, a PE ratio of 26.43, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a twelve month low of C$6.46 and a twelve month high of C$14.95. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The company’s 50 day moving average is C$13.62 and its two-hundred day moving average is C$12.17.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a dividend of $0.041 per share. This represents a $0.16 annualized dividend and a yield of 1.15%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s dividend payout ratio is presently 29.63%.

Analysts Set New Price Targets

Several research firms have recently commented on K. Eight Capital boosted 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 report on Wednesday, September 11th. Canaccord Genuity Group reduced their price objective on shares of 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. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Finally, National Bankshares boosted their price objective 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold currently has an average rating of “Buy” and an average price target 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.