Geoffrey Peters Gold of Kinross Gold Co. Sells 99,347 Shares

Geoffrey Peters Gold, a senior officer at Kinross Gold Co. (TSE:K - Get Free Report) (NYSE:KGC), sold a significant amount of the company's stock. On Friday, February 28th, he sold 99,347 shares at an average price of C$15.22, resulting in a total sale value of C$1,512,061.34.

In addition to this recent transaction, Peters Gold performed other notable trades. On December 9th, he sold 100,000 shares at an average price of C$14.22, totaling C$1,421,710.00. Earlier, on December 5th, he sold 1,000 shares at an average price of C$14.11, amounting to C$14,106.00.

Kinross Gold's Recent Stock Performance

As of Wednesday, Kinross Gold's stock traded at C$16.42, marking an increase of C$0.33. The trading volume for the day reached 3,705,848 shares, slightly above the average volume of 3,494,344 shares. Over the past year, the company's stock reached a low of C$7.10 and a high of C$17.63. The current 50-day moving average stands at C$15.42, while the 200-day moving average is C$14.06. Kinross Gold has a market capitalization of C$14.28 billion, a price-to-earnings ratio of 19.33, and a price-to-earnings-growth ratio of -0.60.

Recent Dividend Announcement

On another note, Kinross Gold recently declared a quarterly dividend that will be paid on March 20th. Shareholders on record as of March 5th will receive a dividend of $0.03 per share, leading to an annualized dividend of $0.12 and yielding 0.73%. The company maintains a payout ratio of 18.84%.

Analyst Price Target Updates

Market analysts have been actively assessing Kinross Gold's performance. Notably, National Bankshares raised their price target for Kinross Gold from C$20.00 to C$22.00 and awarded the company an "outperform" rating in a report published on February 11th. According to data from MarketBeat.com, five analysts have given the stock a "buy" rating, resulting in an average target price of C$17.10.

Company Overview

Kinross Gold is recognized as a significant gold producer based in Canada, generating about 2.4 million gold equivalent ounces in 2020. By the end of that year, the company had proven and probable gold reserves amounting to 30 million ounces, as well as 59 million ounces of silver reserves. Kinross operates various mines and invests in both greenfield and brownfield exploration primarily across the Americas, West Africa, and Russia.

Kinross, Gold, Stock