Claude J.S. Schimper Sells 5,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Claude J.S. Schimper sold 5,000 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of C$17.97, for a total transaction of C$89,850.00.

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

• On Monday, March 10th, Claude J.S. Schimper sold 20,000 shares of Kinross Gold stock. The stock was sold at an average price of C$15.86, for a total transaction of C$317,156.00.
• 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 Stock Performance

TSE:K opened at C$17.88 on Friday. Kinross Gold Co. has a 1 year low of C$8.33 and a 1 year high of C$18.45. The stock has a market cap of C$15.55 billion, a P/E ratio of 21.05, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The stock has a 50-day simple moving average of C$16.36 and a 200-day simple moving average of C$14.65.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.67%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

Wall Street Analysts Forecast Growth

K has been the topic of several analyst reports. National Bank Financial upgraded Kinross Gold to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Canada raised Kinross Gold to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, National Bankshares boosted their price objective on 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. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$17.10.

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.