Kinross Gold Co. (TSE:K) Director Acquires C$80,369.87 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Vincent Albino bought 5,000 shares of Kinross Gold stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, for a total transaction of C$80,369.87.

Kinross Gold Stock Performance

K stock opened at C$16.17 on Thursday. Kinross Gold Co. has a 1-year low of C$6.46 and a 1-year high of C$17.63. The business’s 50-day moving average price is C$15.03 and its two-hundred day moving average price is C$13.81. The firm has a market cap of C$14.06 billion, a PE ratio of 19.04, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analysts Forecast Growth

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