Kinross Gold (TSE:K) Insider Sells C$59,369.66 in Stock

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 firm's stock in a transaction dated 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 transaction, the insider directly owned 35,258 shares in the company, valued at approximately C$982,287.88. The trade was a 5.70% decrease in their position.

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 Stock Performance

Shares of K stock traded down C$0.30 during mid-day trading on Tuesday, hitting C$30.85. 2,194,961 shares of the stock were exchanged, compared to its average volume of 3,614,618. The stock's fifty day simple moving average is C$24.54 and its two-hundred day simple moving average is C$21.01. The stock has a market capitalization of C$37.60 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of -0.60 and a beta of 0.67. Kinross Gold Co. has a 12-month low of C$11.61 and a 12-month high of C$31.57. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

K has been the subject of a number of research reports. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a research report on Monday, June 30th. UBS Group upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Monday, August 4th. Finally, National Bankshares lifted their price target on shares of Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and a consensus price target of C$21.25.

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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