Kinross Gold (TSE:K) Hits New 1-Year High at $8.54

Kinross Gold Co. (TSE:KGet Free Report) (NYSE:KGC) shares reached a new 52-week high on Monday . The company traded as high as C$8.54 and last traded at C$8.43, with a volume of 1486089 shares. The stock had previously closed at C$8.31.

Analyst Ratings Changes

Separately, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research report on Wednesday, January 3rd.

Read Our Latest Stock Report on K

Kinross Gold Trading Up 1.6 %

The stock has a market cap of C$10.44 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of -0.60 and a beta of 1.13. The company has a debt-to-equity ratio of 36.54, a quick ratio of 1.11 and a current ratio of 2.63. The company’s 50-day moving average price is C$7.32 and its 200 day moving average price is C$7.36.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.03. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. The firm had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.24 billion. On average, sell-side analysts forecast that Kinross Gold Co. will post 0.433038 EPS for the current fiscal year.

Kinross Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a $0.04 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 annualized dividend and a yield of 1.88%. Kinross Gold’s dividend payout ratio (DPR) is presently 34.78%.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total value of C$64,176.00. In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the completion of the transaction, the insider now owns 3 shares in the company, valued at C$20.10. Also, Senior Officer Claude J.S. Schimper sold 8,400 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$7.64, for a total transaction of C$64,176.00. In the last quarter, insiders sold 143,621 shares of company stock worth $893,873. Insiders own 0.28% of the company’s stock.

About Kinross Gold

(Get Free Report)

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.

Further Reading

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