Kinross Gold (TSE:K) Sets New 52-Week High – What’s Next?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$15.52 and last traded at C$15.34, with a volume of 1189808 shares changing hands. The stock had previously closed at C$15.10.

Analyst Ratings Changes

Several brokerages have recently commented on K. National Bankshares raised their price target on 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. Stifel Nicolaus upped their target price on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$16.70.

Kinross Gold Stock Up 1.0 %

The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The company has a market capitalization of C$18.76 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of -0.60 and a beta of 1.24. The business’s 50-day moving average is C$13.94 and its 200-day moving average is C$13.17.

Kinross Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a $0.041 dividend. The ex-dividend date was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.08%. Kinross Gold’s dividend payout ratio is presently 29.63%.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was 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 the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total value of C$99,067.02. Insiders sold a total of 1,608,122 shares of company stock worth $22,536,883 in the last three months. Company insiders own 0.26% of the company’s stock.

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.