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$17.96 and last traded at C$17.55, with a volume of 3078366 shares. The stock had previously closed at C$17.46.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. National Bankshares raised 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, February 11th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of C$17.10.
Get Our Latest Stock Analysis on Kinross Gold
Kinross Gold Price Performance
The firm has a 50-day simple moving average of C$16.36 and a 200 day simple moving average of C$14.65. The company has a market capitalization of C$15.55 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.
Kinross Gold Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.67%. Kinross Gold's dividend payout ratio is currently 18.84%.
Insider Buying and Selling at Kinross Gold
In related news, Senior Officer Geoffrey Peters Gold sold 99,347 shares of Kinross Gold stock in a transaction dated Friday, February 28th. The stock was sold at an average price of C$15.22, for a total value of C$1,512,061.34. Also, Senior Officer Laurence Davies sold 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. Insiders have sold a total of 349,670 shares of company stock valued at $5,366,186 in the last three months. Corporate insiders own 0.26% of the company's stock.
Kinross Gold Company Profile
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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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