Kinross Gold Co. (TSE:K) Plans $0.04 Quarterly Dividend

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Thursday, November 28th will be paid a dividend of 0.041 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, November 28th.

Kinross Gold Trading Up 7.8 %

K stock traded up C$1.07 during trading on Thursday, hitting C$14.83. 3,462,788 shares of the company traded hands, compared to its average volume of 3,310,762. The firm has a market capitalization of C$18.24 billion, a PE ratio of 25.48, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95. The company has a 50-day moving average of C$13.18 and a 200-day moving average of C$11.77. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27.

Analysts Set New Price Targets

A number of research firms have commented on K. Eight Capital upped their price target on Kinross Gold from C$15.00 to C$16.00 and gave the company a "buy" rating in a research report on Wednesday, September 11th. National Bankshares upped their price target on Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Canaccord Genuity Group lowered their price target on Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating for the company in a research report on Friday, September 13th. Finally, Stifel Nicolaus increased their target price on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold has a consensus rating of "Buy" and an average price target of C$16.70.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total transaction of C$55,395.00. In other news, 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. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In the last three months, insiders have sold 21,163 shares of company stock worth $273,407. 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.