Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 12,660 Shares of Stock

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC Senior Officer Lucas Crosby sold 12,660 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of C$21.48, for a total transaction of C$271,920.34.

Kinross Gold Stock Down 0.7%

Shares of TSE K traded down C$0.14 during midday trading on Wednesday, reaching C$21.20. The company's stock had a trading volume of 3,111,477 shares, compared to its average volume of 3,626,776. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. Kinross Gold Co. has a fifty-two week low of C$9.91 and a fifty-two week high of C$22.01. The stock has a market capitalization of C$18.43 billion, a price-to-earnings ratio of 24.96, a PEG ratio of -0.60 and a beta of 1.24. The stock has a 50 day simple moving average of C$19.63 and a 200-day simple moving average of C$16.74.

Kinross Gold Dividend Announcement

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 dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. Kinross Gold's payout ratio is 18.84%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. Stifel Canada raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, March 19th. BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th. National Bankshares raised their price objective on shares of Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$20.00.

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.