Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$14.95 and last traded at C$14.93, with a volume of 1648961 shares trading hands. The stock had previously closed at C$14.29.
Analyst Upgrades and Downgrades
K has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating for the company in a report on Friday, September 13th. Stifel Nicolaus boosted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares raised their price target on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Eight Capital boosted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.70.
Check Out Our Latest Report on Kinross Gold
Kinross Gold Stock Up 4.6 %
Kinross Gold Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be issued a $0.041 dividend. The ex-dividend date of this dividend is Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.10%. Kinross Gold’s dividend payout ratio is presently 29.63%.
Insiders Place Their Bets
In related news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total value of C$156,600.00. Over the last 90 days, insiders have sold 1,524,785 shares of company stock valued at $21,333,185. 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.
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