Insider Selling: Kinross Gold Co. (TSE:K) Director Sells 1,300,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 1,300,000 shares of Kinross Gold stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00.

Jonathan Paul Rollinson also recently made the following trade(s):

• On Monday, November 11th, Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00.

Kinross Gold Trading Down 1.9 %

Shares of TSE:K opened at C$13.74 on Thursday. Kinross Gold Co. has a 12-month low of C$6.46 and a 12-month high of C$14.95. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market capitalization of C$16.90 billion, a P/E ratio of 26.17, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The firm has a fifty day moving average of C$13.66 and a two-hundred day moving average of C$12.24.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th will be given a $0.041 dividend. This represents a $0.16 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s payout ratio is currently 29.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on K shares. National Bankshares boosted their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Eight Capital raised their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group dropped their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold has an average rating of “Buy” and a consensus target price of C$16.70.

About Kinross Gold

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.