Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's stock price dropped 4.9% on Thursday . The company traded as low as C$16.37 and last traded at C$16.53. Approximately 993,867 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 2,958,710 shares. The stock had previously closed at C$17.39.
Wall Street Analyst Weigh In
K has been the subject of several recent analyst reports. 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. National Bankshares upped their price target on shares of 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 analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold presently has an average rating of "Buy" and an average target price of C$17.10.
View Our Latest Analysis on K
Kinross Gold Price Performance
The stock's fifty day moving average price is C$14.93 and its 200-day moving average price is C$13.75. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a market cap of C$13.90 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.
Kinross Gold Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be paid 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 (DPR) is currently 18.84%.
Insider Transactions at Kinross Gold
In other Kinross Gold news, Director George Nickolas Paspalas bought 5,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was bought at an average price of C$13.79 per share, with a total value of C$68,950.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total value of C$99,067.02. Insiders have sold a total of 1,408,122 shares of company stock worth $19,734,883 in the last quarter. Company insiders own 0.26% of the company's stock.
About Kinross Gold
(
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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.
Further Reading
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