Kinross Gold Co. (TSE:K) Senior Officer Laurence Davies Sells 10,000 Shares

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$16.58, for a total transaction of C$165,800.00.

Kinross Gold Trading Down 1.5 %

Shares of TSE K traded down C$0.26 during midday trading on Friday, reaching C$17.38. The stock had a trading volume of 2,930,522 shares, compared to its average volume of 3,501,181. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. Kinross Gold Co. has a twelve month low of C$7.66 and a twelve month high of C$17.76. The company's 50 day moving average price is C$16.04 and its 200 day moving average price is C$14.40. The firm has a market cap of C$15.11 billion, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. Kinross Gold's payout ratio is presently 18.84%.

Analyst Ratings Changes

Several brokerages recently issued reports on K. National Bankshares lifted 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 report on Tuesday, February 11th. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and an average target price of C$17.10.

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Kinross Gold Company Profile

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.