Kinross Gold (TSE:K) Hits New 12-Month High at $9.39

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$9.39 and last traded at C$9.34, with a volume of 719148 shares traded. The stock had previously closed at C$9.20.

Wall Street Analyst Weigh In

A number of analysts recently commented on K shares. Eight Capital lifted their price target on Kinross Gold from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Stifel Nicolaus lifted their price target on Kinross Gold from C$9.00 to C$11.50 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Canaccord Genuity Group lifted their price target on Kinross Gold from C$11.00 to C$12.50 in a report on Tuesday, April 23rd. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$10.70.

Kinross Gold Stock Performance

The stock has a market capitalization of C$11.33 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21. The company has a 50 day simple moving average of C$7.92 and a 200-day simple moving average of C$7.67. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. On average, equities analysts forecast that Kinross Gold Co. will post 0.4605193 EPS for the current year.

Kinross Gold Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, March 5th. Kinross Gold’s dividend payout ratio (DPR) is presently 34.78%.

Insider Activity

In other news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. In related news, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Over the last three months, insiders sold 143,621 shares of company stock worth $893,873. 0.26% of the stock is owned by corporate 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.