Laurence Davies Sells 10,000 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Laurence Davies sold 10,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$16.58, for a total value of C$165,800.00.

Kinross Gold Stock Up 2.8 %

Shares of Kinross Gold stock traded up C$0.47 during trading on Monday, reaching C$17.17. The stock had a trading volume of 4,318,763 shares, compared to its average volume of 3,494,253. The company has a market capitalization of C$14.93 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of -0.60 and a beta of 1.24. The stock has a fifty day moving average price of C$15.82 and a two-hundred day moving average price of C$14.28. Kinross Gold Co. has a 52 week low of C$7.40 and a 52 week high of C$17.63. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinross Gold currently has a consensus rating of “Buy” and a consensus price target of C$17.10.

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.