Shares of Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) have received an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$17.10.
Separately, National Bankshares raised their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th.
View Our Latest Stock Analysis on Kinross Gold
Kinross Gold Stock Performance
Kinross Gold Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.70%. Kinross Gold’s dividend payout ratio is presently 18.84%.
Insider Transactions at Kinross Gold
In other news, Director George Vincent Albino purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, for a total transaction of C$80,369.87. Also, Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$16.58, for a total transaction of C$165,800.00. In the last 90 days, insiders have sold 344,670 shares of company stock worth $5,276,336. Company insiders own 0.26% of the company’s stock.
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.
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