Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.87 and traded as high as C$14.24. Kinross Gold shares last traded at C$13.88, with a volume of 2,822,540 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on K. Stifel Nicolaus lifted their price target on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares increased their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Wednesday, October 23rd. Eight Capital lifted their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research note on Wednesday, September 11th. Finally, Canaccord Genuity Group decreased their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating for the company in a research note on Friday, September 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold currently has a consensus rating of "Buy" and an average price target of C$16.70.
Read Our Latest Analysis on Kinross Gold
Kinross Gold Price Performance
The company has a market cap of C$17.49 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a fifty day simple moving average of C$13.81 and a two-hundred day simple moving average of C$12.88. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.
Kinross Gold Announces Dividend
The business also recently declared 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 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 28th. Kinross Gold's payout ratio is 29.63%.
Insider Activity at Kinross Gold
In other news, Director George Nickolas Paspalas acquired 5,000 shares of the company's stock in a transaction dated Monday, December 16th. The stock was acquired at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$14.01, for a total value of C$2,802,000.00. In the last quarter, insiders sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is owned by insiders.
Kinross Gold Company Profile
(
Get Free Report)
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.
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