Kinross Gold Co. (TSE:K) Director Buys C$68,950.00 in Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Director George Nickolas Paspalas bought 5,000 shares of Kinross Gold stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of C$13.79 per share, with a total value of C$68,950.00.

Kinross Gold Stock Up 0.2 %

K opened at C$13.06 on Friday. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold Co. has a 12 month low of C$6.46 and a 12 month high of C$14.97. The stock has a market capitalization of C$16.06 billion, a P/E ratio of 24.19, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a 50 day simple moving average of C$13.97 and a 200-day simple moving average of C$12.59.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were issued a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, November 28th. Kinross Gold’s dividend payout ratio (DPR) is currently 29.63%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on K. Eight Capital increased their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. National Bankshares increased their price target on Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group dropped their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average 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.