Kinross Gold (TSE:K) Hits New 1-Year High - What's Next?

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

Analyst Ratings Changes

Several research analysts recently commented on K shares. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares lifted their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 23rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$16.70.

Kinross Gold Price Performance

The company has a market cap of C$18.34 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The company has a fifty day moving average price of C$13.93 and a two-hundred day moving average price of C$13.12.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, November 28th. Kinross Gold's payout ratio is 29.63%.

Insider Activity

In other Kinross Gold news, Director Jonathan Paul Rollinson sold 200,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total value of C$2,802,000.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average cost of C$13.79 per share, with a total value of C$68,950.00. In the last three months, insiders have sold 1,608,122 shares of company stock worth $22,536,883. Corporate 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.