Insider Selling: Kinross Gold Co. (TSE:K) Senior Officer Sells C$65,377.76 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer William D. Dunford sold 6,076 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76.

Kinross Gold Trading Up 0.1 %

Shares of TSE:K opened at C$11.39 on Friday. Kinross Gold Co. has a 52-week low of C$5.91 and a 52-week high of C$11.50. The company has a market capitalization of C$14.01 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.19. The company has a 50-day simple moving average of C$10.27 and a 200 day simple moving average of C$8.60. The company has a debt-to-equity ratio of 36.08, a quick ratio of 1.11 and a current ratio of 1.15.

Kinross Gold (TSE:K) (NYSE:KGC) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.08 by C$0.06. Kinross Gold had a net margin of 9.86% and a return on equity of 7.06%. The firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. Sell-side analysts forecast that Kinross Gold Co. will post 0.7244147 earnings per share for the current year.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.05%. Kinross Gold’s dividend payout ratio is 32.65%.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. Canaccord Genuity Group upped their target price on shares of Kinross Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a research report on Thursday, May 16th. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Eight Capital upped their price objective on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Finally, National Bankshares upped their price objective on shares of Kinross Gold from C$13.50 to C$13.75 in a research report on Thursday, May 9th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.88.

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.