Kinross Gold Co. (TSE:K) Declares Quarterly Dividend of $0.03

Key Points

• Kinross Gold Co. announced a quarterly dividend of $0.03 per share, equivalent to an annualized dividend of $0.12 and a yield of 0.56%, payable on September 4th to stockholders of record by August 21st.
• The company's shares declined by 3.2% to C$21.36, with a market capitalization of C$18.57 billion and a P/E ratio of 25.15.
• Analysts have rated Kinross Gold positively, with recent upgrades including a price target increase by Stifel Nicolaus from C$23.50 to C$24.50 and multiple "buy" ratings and "strong-buy" recommendations from various research firms.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Thursday, August 21st will be paid a dividend of 0.03 per share on Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 0.5%.

Kinross Gold Stock Performance

Shares of K traded up C$0.16 during mid-day trading on Friday, hitting C$22.33. The stock had a trading volume of 2,907,567 shares, compared to its average volume of 3,533,918. The firm has a market cap of C$19.42 billion, a P/E ratio of 26.29, a PEG ratio of -0.60 and a beta of 1.24. The business has a fifty day moving average price of C$21.18 and a 200-day moving average price of C$18.87. Kinross Gold has a 52 week low of C$11.11 and a 52 week high of C$22.73. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peters Gold sold 18,834 shares of Kinross Gold stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of C$21.27, for a total transaction of C$400,599.18. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of C$20.39, for a total value of C$27,302.21. In the last quarter, insiders have sold 42,833 shares of company stock valued at $901,122. 0.26% of the stock is currently owned by company insiders.

About Kinross Gold

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.