Kinross Gold Co. (TSE:K) Director Jonathan Paul Rollinson Sells 1,300,000 Shares of Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director Jonathan Paul Rollinson sold 1,300,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were 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 shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00.

Kinross Gold Stock Performance

TSE K opened at C$14.01 on Wednesday. The firm has a market cap of C$17.23 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. 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 business has a 50-day moving average price of C$13.65 and a 200-day moving average price of C$12.20. Kinross Gold Co. has a twelve month low of C$6.46 and a twelve month high of C$14.95.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be paid a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Thursday, November 28th. Kinross Gold’s payout ratio is presently 29.63%.

Analysts Set New Price Targets

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