William D. Dunford Sells 6,076 Shares of Kinross Gold Co. (TSE:K) Stock

Kinross Gold Co. (TSE:K) (NYSE:KGC) Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76.

Kinross Gold Stock Up 0.1 %

Kinross Gold stock opened at C$11.39 on Friday. Kinross Gold Co. has a 52 week low of C$5.91 and a 52 week high of C$11.50. The firm has a market cap of C$14.01 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.19. The business’s 50-day moving average price is C$10.27 and its 200 day moving average price is C$8.59. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 36.08.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.14 EPS for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.06. Kinross Gold had a net margin of 9.86% and a return on equity of 7.06%. The business had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. As a group, sell-side analysts anticipate that Kinross Gold Co. will post 0.7244147 earnings per share for the current year.

Kinross Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, May 30th. Kinross Gold’s payout ratio is presently 32.65%.

Wall Street Analysts Forecast Growth

K has been the topic of a number of recent analyst reports. Eight Capital upped their price target on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. National Bankshares boosted their price target on Kinross Gold from C$13.50 to C$13.75 in a research note on Thursday, May 9th. Canaccord Genuity Group raised their price objective on Kinross Gold from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, Cormark upgraded Kinross Gold from a “market perform” rating to a “buy” rating and upped their target price for the company from C$11.00 to C$13.00 in a research report on Thursday, May 9th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.88.

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.