Kinross Gold Co. (TSE:K) Plans Quarterly Dividend of $0.03

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.75%.

Kinross Gold Trading Down 1.4 %

Shares of TSE:K traded down C$0.22 during trading on Friday, reaching C$15.99. 3,129,325 shares of the company were exchanged, compared to its average volume of 3,113,306. The firm has a market capitalization of C$13.90 billion, a PE ratio of 18.82, a P/E/G ratio of -0.60 and a beta of 1.24. The business's fifty day simple moving average is C$14.93 and its 200-day simple moving average is C$13.75. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.63. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Insider Activity at Kinross Gold

In other Kinross Gold news, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$14.22, for a total value of C$1,421,710.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the firm's stock in a transaction on Monday, December 16th. The stock was purchased at an average price of C$13.79 per share, with a total value of C$68,950.00. Insiders sold 1,408,122 shares of company stock worth $19,734,883 over the last three months. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on K. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares lifted their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold currently has a consensus rating of "Buy" and a consensus target price of C$17.10.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.