Kinross Gold Co. (TSE:K) Senior Officer Sells C$156,600.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Laurence Davies sold 12,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$13.05, for a total transaction of C$156,600.00.

Kinross Gold Stock Performance

Shares of TSE:K remained flat at C$13.01 during trading hours on Monday. 1,725,128 shares of the stock traded hands, compared to its average volume of 3,377,095. Kinross Gold Co. has a one year low of C$5.91 and a one year high of C$13.70. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The company’s 50 day simple moving average is C$12.23 and its two-hundred day simple moving average is C$10.48. The stock has a market cap of C$16.00 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The company had revenue of C$1.67 billion during the quarter, compared to analyst estimates of C$1.39 billion. On average, analysts anticipate that Kinross Gold Co. will post 0.9896296 EPS for the current fiscal year.

Kinross Gold Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.041 per share. This is a positive change from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 annualized dividend and a dividend yield of 1.26%. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Analyst Upgrades and Downgrades

K has been the subject of a number of recent analyst reports. Eight Capital increased their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group decreased their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, National Bankshares increased their target price on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$14.60.

Kinross Gold Company Profile

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.