Geoffrey Peters Gold Sells Shares of Kinross Gold Co.

On Thursday, December 5th, Geoffrey Peters Gold, a senior officer at Kinross Gold Co. (TSE:K, NYSE:KGC), sold 1,000 shares of the company's stock. The shares were transacted at an average price of C$14.11, totaling C$14,106.00 for this sale.

Market Activity for Kinross Gold

Following the sale, as of Friday, the stock price for Kinross Gold had decreased by 0.7%, trading down C$0.10 to reach C$13.82. A total of 1,694,534 shares changed hands, which is notably lower than its average trading volume of 3,301,516 shares. Kinross Gold currently maintains a current ratio of 1.27, a quick ratio of 1.11, and a debt-to-equity ratio of 31.89. The company’s stock features a 50-day moving average of C$13.77 and a 200-day moving average of C$12.39. Over the past year, Kinross Gold has recorded a low of C$6.46 and a high of C$14.95, and its market capitalization stands at C$17.00 billion, with a price-to-earnings (P/E) ratio of 25.78 and a negative price-to-earnings-growth (PEG) ratio of -0.60. It also has a beta value of 1.24.

Dividend Declaration

In addition, Kinross Gold has recently announced a quarterly dividend, which is scheduled to be paid on Thursday, December 12th. Shareholders identified on the record date of November 28th are set to receive a dividend of $0.041, amounting to an annualized dividend of $0.16 and a yield of 1.19%. The ex-dividend date for this upcoming payment was November 28th, and Kinross Gold currently has a dividend payout ratio of 29.63%.

Recent Analyst Ratings

Several analysts have updated their assessments regarding Kinross Gold's stock. National Bankshares raised their price target from C$19.00 to C$20.00 while assigning an "outperform" rating in a report released on October 23rd. Conversely, Canaccord Genuity Group decreased their price target from C$17.00 to C$16.50 but still holds a “buy” rating for the stock based on their report from September 13th. Stifel Nicolaus increased their target from C$14.50 to C$18.00 in a report published on October 21st. Meanwhile, Eight Capital raised their target price from C$15.00 to C$16.00, reinforcing their “buy” stance noted in a report on September 11th. In total, five analysts have rated Kinross Gold stock as a buy, with the consensus rating holding an average price target of C$16.70 according to MarketBeat.com data.

About Kinross Gold

Kinross Gold Corporation, along with its subsidiaries, focuses on acquiring, exploring, and developing gold properties predominantly located in the United States, Brazil, Chile, Canada, and Mauritania. The company operates several mines including Fort Knox and Manh Choh in Alaska; the Round Mountain and Bald Mountain mines in Nevada; the Paracatu mine in Brazil; La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

Kinross, Gold, Stocks