Claude J.S. Schimper Sells 20,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 20,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$15.86, for a total transaction of C$317,156.00.

Claude J.S. Schimper also recently made the following trade(s):

• On Monday, March 3rd, Claude J.S. Schimper sold 10,000 shares of Kinross Gold stock. The shares were sold at an average price of C$15.63, for a total transaction of C$156,300.00.

Kinross Gold Trading Up 4.6 %

Kinross Gold stock traded up C$0.70 during trading hours on Tuesday, reaching C$15.95. The stock had a trading volume of 1,327,514 shares, compared to its average volume of 3,423,724. The stock has a market cap of C$13.87 billion, a PE ratio of 18.78, a PEG ratio of -0.60 and a beta of 1.24. The company has a fifty day simple moving average of C$15.62 and a 200-day simple moving average of C$14.17. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. Kinross Gold Co. has a 52 week low of C$7.25 and a 52 week high of C$17.63.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.75%. Kinross Gold’s dividend payout ratio is presently 18.84%.

Analysts Set New Price Targets

Separately, National Bankshares boosted their target price on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$17.10.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.