Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells 100,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00.

Geoffrey Peters Gold also recently made the following trade(s):

• On Thursday, December 5th, Geoffrey Peters Gold sold 1,000 shares of Kinross Gold stock. The shares were sold at an average price of C$14.11, for a total value of C$14,106.00.

Kinross Gold Trading Down 2.8 %

K stock traded down C$0.40 during midday trading on Friday, hitting C$13.90. The company had a trading volume of 3,538,881 shares, compared to its average volume of 3,304,779. The stock has a market cap of C$17.10 billion, a price-to-earnings ratio of 26.48, a PEG ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The stock’s 50 day moving average price is C$13.90 and its 200 day moving average price is C$12.50. Kinross Gold Co. has a 52 week low of C$6.46 and a 52 week high of C$14.97.

Kinross Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were issued a dividend of $0.041 per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 dividend on an annualized basis and a yield of 1.18%. Kinross Gold’s dividend payout ratio is presently 29.63%.

Analyst Upgrades and Downgrades

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