Claude J.S. Schimper Sells Shares of Kinross Gold Co.

Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC) has seen a recent transaction involving its Senior Officer, Claude J.S. Schimper. On Friday, March 28th, Schimper sold 5,000 shares of the company's stock at an average price of C$17.97, bringing the total transaction value to C$89,850.00.

In addition to this transaction, Schimper has made a few other notable sales of Kinross Gold shares:

• On Monday, March 10th, Schimper sold 20,000 shares at an average price of C$15.86, totaling C$317,156.00.
• On Monday, March 3rd, he sold 10,000 shares at an average price of C$15.63, with a total value of C$156,300.00.

Performance of Kinross Gold Stock

On the day of Schimper's latest sale, Kinross Gold's stock price remained relatively stable at C$17.88. The trading volume for that day reached 1,610,533 shares, which is lower than the average volume of 3,503,570 shares. Over the past year, Kinross Gold shares have fluctuated between a low of C$8.33 and a high of C$18.45. The stock's fifty-day moving average price stands at C$16.30, while the 200-day moving average is C$14.59. Currently, the company's market capitalization is C$15.55 billion, with a price-to-earnings ratio of 21.05 and a negative PEG ratio of -0.60. Kinross Gold also has a beta of 1.24, indicating moderate volatility. Furthermore, the company maintains a current ratio of 1.61, a quick ratio of 1.11, and a debt-to-equity ratio of 18.81.

Recent Dividend Changes

Recently, Kinross Gold announced a quarterly dividend that was paid out on Thursday, March 20th. Shareholders of record as of Wednesday, March 5th received a dividend of $0.03 per share, equating to an annualized dividend of $0.12 and a dividend yield of 0.67%. The company's payout ratio is currently 18.84%.

Analyst Ratings and Price Targets

Various research analysts have recently provided their insights on Kinross Gold. On March 19th, Stifel Canada upgraded the company's rating to a "strong-buy." National Bankshares also increased their price target from C$20.00 to C$22.00, assigning an "outperform" rating on February 11th. Furthermore, National Bank Financial rated Kinross Gold as a "strong-buy" on March 21st. Presently, five investment analysts have given Kinross Gold a buy rating, while two have issued a strong buy rating, resulting in an average rating of "Buy" and an average price target of C$17.10 according to MarketBeat.com.

Understanding Kinross Gold

About Kinross Gold

Kinross Gold is a senior gold producer based in Canada, known for producing around 2.4 million gold equivalent ounces in 2020. At the end of the same year, the company reported having 30 million ounces of proven and probable gold reserves, along with 59 million ounces of silver reserves. Kinross Gold operates various mines and actively engages in exploration activities across the Americas, West Africa, and Russia.

Kinross, Gold, Stocks