Kinross Gold (NYSE:KGC) Sets New 1-Year High - Still a Buy?

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K shares hit a new 52-week high on Tuesday . The stock traded as high as $12.59 and last traded at $12.49, with a volume of 2347649 shares traded. The stock had previously closed at $12.20.

Analyst Ratings Changes

Several brokerages have recently issued reports on KGC. StockNews.com cut Kinross Gold from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. CIBC upped their price objective on Kinross Gold from $13.00 to $14.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Kinross Gold has a consensus rating of "Buy" and a consensus price target of $11.63.

Kinross Gold Stock Down 0.1 %

The company has a market cap of $15.37 billion, a PE ratio of 16.23, a P/E/G ratio of 0.68 and a beta of 1.29. The business has a 50-day simple moving average of $11.40 and a 200-day simple moving average of $10.38. The company has a quick ratio of 0.83, a current ratio of 2.01 and a debt-to-equity ratio of 0.18.

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Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last released its quarterly earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. Equities research analysts anticipate that Kinross Gold Co. will post 0.81 EPS for the current year.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Wednesday, March 5th. Kinross Gold's dividend payout ratio is presently 15.58%.

Institutional Investors Weigh In On Kinross Gold

Several institutional investors have recently bought and sold shares of KGC. Jones Financial Companies Lllp lifted its position in shares of Kinross Gold by 109.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,704 shares of the mining company's stock valued at $25,000 after acquiring an additional 1,412 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in Kinross Gold by 30.4% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock valued at $40,000 after purchasing an additional 1,002 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Kinross Gold during the 4th quarter worth $42,000. Global Retirement Partners LLC grew its stake in Kinross Gold by 747.0% during the 4th quarter. Global Retirement Partners LLC now owns 5,429 shares of the mining company's stock valued at $50,000 after acquiring an additional 4,788 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Kinross Gold by 246.3% in the fourth quarter. Avior Wealth Management LLC now owns 7,227 shares of the mining company's stock valued at $67,000 after purchasing an additional 5,140 shares during the last quarter. 63.69% of the stock is currently owned by institutional investors and hedge funds.

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.