Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC Senior Officer Geoffrey Peters Gold sold 18,834 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$21.27, for a total transaction of C$400,599.18.
Kinross Gold Trading Down 0.3%
Shares of K stock traded down C$0.06 during trading hours on Thursday, hitting C$21.14. 3,674,201 shares of the company were exchanged, compared to its average volume of 3,627,216. The company has a 50 day simple moving average of C$19.76 and a two-hundred day simple moving average of C$16.83. The firm has a market cap of C$18.38 billion, a P/E ratio of 24.89, 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. Kinross Gold Co. has a fifty-two week low of C$9.91 and a fifty-two week high of C$22.01.
Kinross Gold Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%. Kinross Gold's dividend payout ratio is currently 18.84%.
Analyst Ratings Changes
A number of analysts have weighed in on K shares. BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, April 16th. National Bankshares boosted their price objective on Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 2nd. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Nicolaus lifted their price target on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Kinross Gold has a consensus rating of "Buy" and a consensus price target of C$20.00.
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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.
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