Insider Buying: Kinross Gold Co. (TSE:K) Director Acquires 5,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Vincent Albino acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of C$16.07 per share, with a total value of C$80,369.87.

Kinross Gold Stock Performance

Kinross Gold stock opened at C$16.37 on Friday. The firm has a 50 day simple moving average of C$15.07 and a 200-day simple moving average of C$13.84. Kinross Gold Co. has a 1-year low of C$6.46 and a 1-year high of C$17.63. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The stock has a market cap of C$14.23 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.73%. Kinross Gold’s dividend payout ratio (DPR) is 18.84%.

Analyst Ratings Changes

Separately, National Bankshares upped their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$17.10.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.