Kinross Gold (TSE:K) Insider Claude J.S. Schimper Sells 2,131 Shares

Key Points

• Kinross Gold insider Claude J.S. Schimper sold 2,131 shares at C$27.86, totaling C$59,369.66, reducing his stake by 5.70% to 35,258 shares worth approximately C$982,287.88.
• The company has recently declared a quarterly dividend of $0.03, representing an annualized yield of 0.4%, with a low payout ratio of 9.68%.
• K has received multiple upgrades from analysts, with a consensus rating of "Buy" and a price target lifted alongside recent positive evaluations from financial institutions.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC insider Claude J.S. Schimper sold 2,131 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$27.86, for a total value of C$59,369.66. Following the completion of the transaction, the insider directly owned 35,258 shares of the company's stock, valued at approximately C$982,287.88. The trade was a 5.70% decrease in their ownership of the stock.

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

• On Tuesday, August 26th, Claude J.S. Schimper sold 565 shares of Kinross Gold stock. The stock was sold at an average price of C$27.86, for a total value of C$15,740.90.

Kinross Gold Price Performance

Shares of K traded up C$0.06 during mid-day trading on Friday, reaching C$32.22. The company had a trading volume of 2,524,657 shares, compared to its average volume of 3,619,575. Kinross Gold Co. has a twelve month low of C$12.45 and a twelve month high of C$32.76. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The company's 50-day moving average is C$25.37 and its 200-day moving average is C$21.42. The company has a market capitalization of C$39.27 billion, a P/E ratio of 25.98, a P/E/G ratio of -0.60 and a beta of 0.67.

Kinross Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. Kinross Gold's dividend payout ratio is 9.68%.

Wall Street Analyst Weigh In

K has been the subject of a number of recent analyst reports. Raymond James Financial raised Kinross Gold to a "hold" rating in a report on Monday, June 30th. UBS Group raised Kinross Gold to a "strong-buy" rating in a report on Monday, August 4th. Finally, National Bankshares raised their price target on Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$26.25.

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.