Kinross Gold (TSE:K) Hits New 12-Month High – Should You Buy?

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$14.98 and last traded at C$14.95, with a volume of 4854960 shares. The stock had previously closed at C$14.22.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Stifel Nicolaus boosted their price target on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, National Bankshares boosted their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$16.70.

Kinross Gold Trading Down 1.8 %

The firm has a market capitalization of C$18.55 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The business has a fifty day moving average price of C$13.82 and a 200 day moving average price of C$12.93.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were issued a $0.041 dividend. The ex-dividend date was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.09%. Kinross Gold’s dividend payout ratio is currently 29.63%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of Kinross Gold stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. Insiders sold a total of 1,608,122 shares of company stock valued at $22,536,883 in the last ninety days. Insiders own 0.26% of the company’s stock.

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.