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

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

Kinross Gold Trading Up 0.2 %

Shares of Kinross Gold stock opened at C$13.06 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The company has a fifty day simple moving average of C$13.97 and a 200-day simple moving average of C$12.59. The stock has a market cap of C$16.06 billion, a price-to-earnings ratio of 24.19, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold Co. has a 12-month low of C$6.46 and a 12-month high of C$14.97.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a $0.041 dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.26%. Kinross Gold’s dividend payout ratio is presently 29.63%.

Analysts Set New Price Targets

A number of research firms recently weighed in on K. Eight Capital raised their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. National Bankshares raised their price objective on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group lowered their target price on shares of 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 raised their price target on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$16.70.

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.