Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$17.63 and last traded at C$17.25, with a volume of 453133 shares traded. The stock had previously closed at C$16.97.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on K shares. National Bankshares upped their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an "outperform" rating in a research note on Tuesday. Stifel Nicolaus raised their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and an average price target of C$17.10.
Check Out Our Latest Analysis on Kinross Gold
Kinross Gold Trading Down 6.9 %
The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The stock has a market capitalization of C$14.08 billion, a P/E ratio of 19.06, a P/E/G ratio of -0.60 and a beta of 1.24. The business's fifty day simple moving average is C$14.84 and its two-hundred day simple moving average is C$13.67.
Kinross Gold Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.74%. Kinross Gold's payout ratio is 18.84%.
Insider Buying and Selling at Kinross Gold
In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Insiders have sold 1,408,122 shares of company stock valued at $19,734,883 in the last 90 days. 0.26% of the stock is currently owned by company insiders.
About Kinross Gold
(
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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.
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