Kinross Gold (TSE:K) Reaches New 52-Week High at $11.32

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$11.32 and last traded at C$11.31, with a volume of 1705440 shares. The stock had previously closed at C$10.79.

Analyst Ratings Changes

K has been the subject of several analyst reports. Eight Capital upped their price objective on 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. Canaccord Genuity Group boosted their price target 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. National Bankshares raised their target price on shares of Kinross Gold from C$13.50 to C$13.75 in a report on Thursday, May 9th. Stifel Nicolaus upped their price objective on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$11.88.

Kinross Gold Stock Up 0.1 %

The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 36.08. The firm has a market capitalization 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 firm has a 50 day moving average price of C$10.27 and a two-hundred day moving average price of C$8.59.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported C$0.14 earnings per share for the quarter, beating 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 firm had revenue of C$1.46 billion for the quarter, compared to analysts’ expectations of C$1.19 billion. On average, equities analysts expect that Kinross Gold Co. will post 0.7244147 earnings per share for the current fiscal year.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Thursday, May 30th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.05%. Kinross Gold’s dividend payout ratio (DPR) is 32.65%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$11.09, for a total value of C$77,630.00. In other news, Senior Officer William D. Dunford sold 6,076 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$10.76, for a total transaction of C$65,377.76. Also, Senior Officer Claude J.S. Schimper sold 7,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$11.09, for a total transaction of C$77,630.00. Insiders have sold 643,076 shares of company stock valued at $6,954,397 over the last three months. 0.27% of the stock is owned by company insiders.

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.