Kinross Gold (TSE:K) Reaches New 12-Month High - What's Next?

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price reached a new 52-week high on Wednesday . The stock traded as high as C$15.48 and last traded at C$15.21, with a volume of 378157 shares changing hands. The stock had previously closed at C$15.20.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on K. Stifel Nicolaus raised their price objective on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. National Bankshares increased their price target on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average price target of C$16.70.

Kinross Gold Price Performance

The firm's 50-day moving average is C$13.88 and its two-hundred day moving average is C$13.04. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The company has a market cap of C$18.79 billion, a P/E ratio of 28.30, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were given a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, November 28th. Kinross Gold's dividend payout ratio (DPR) is presently 29.63%.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction 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. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Insiders have sold a total of 1,608,122 shares of company stock valued at $22,536,883 over the last ninety days. 0.26% of the stock is owned by company insiders.

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.