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

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's stock price hit a new 52-week high on Thursday . The company traded as high as C$14.12 and last traded at C$14.10, with a volume of 754802 shares. The stock had previously closed at C$13.81.

Analyst Ratings Changes

K has been the subject of a number of research analyst reports. Eight Capital increased their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a "buy" rating in a research report on Wednesday, September 11th. National Bankshares raised their price target on shares of Kinross Gold from C$13.75 to C$16.00 and gave the company an "outperform" rating in a report on Wednesday, July 17th. Finally, Canaccord Genuity Group dropped their target price on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating on the stock in a report on Friday, September 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$14.60.

Kinross Gold Stock Up 1.5 %

The stock has a market capitalization of C$17.24 billion, a P/E ratio of 26.17, a P/E/G ratio of -0.60 and a beta of 1.24. The firm's fifty day moving average is C$12.51 and its 200-day moving average is C$11.16. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last announced its earnings results on Wednesday, July 31st. The company reported C$0.19 earnings per share for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.01. Kinross Gold had a net margin of 10.91% and a return on equity of 7.81%. The company had revenue of C$1.67 billion during the quarter, compared to the consensus estimate of C$1.39 billion. As a group, equities research analysts predict that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Kinross Gold Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were issued a dividend of $0.041 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 1.17%. This is a boost from Kinross Gold's previous quarterly dividend of $0.03. Kinross Gold's payout ratio is currently 29.63%.

Insider Activity at Kinross Gold

In other news, Senior Officer Laurence Davies sold 12,000 shares of the company's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. In other news, Senior Officer David C. Shaver sold 4,663 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Laurence Davies sold 12,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total transaction of C$156,600.00. Over the last 90 days, insiders sold 21,163 shares of company stock worth $273,407. 0.26% of the stock is currently owned by company insiders.

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.