Kinross Gold (NYSE:KGC) Sets New 1-Year High - Still a Buy?

Kinross Gold Co. (NYSE:KGC - Get Free Report) TSE: K's share price hit a new 52-week high on Monday . The stock traded as high as $15.46 and last traded at $14.96, with a volume of 19773345 shares traded. The stock had previously closed at $14.80.

Analyst Ratings Changes

Several equities research analysts have recently commented on KGC shares. Raymond James upped their price objective on Kinross Gold from $12.00 to $15.00 and gave the stock a "market perform" rating in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Kinross Gold in a research note on Wednesday. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets started coverage on shares of Kinross Gold in a research note on Wednesday, April 16th. They set an "outperform" rating on the stock. Finally, Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $13.30.

Kinross Gold Stock Down 1.2 %

The stock has a market capitalization of $17.83 billion, a P/E ratio of 18.82, a P/E/G ratio of 0.68 and a beta of 1.12. The business has a 50-day moving average price of $12.43 and a 200 day moving average price of $11.01. The company has a current ratio of 2.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last announced its earnings results on Wednesday, February 12th. The mining company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). Kinross Gold had a net margin of 18.43% and a return on equity of 12.65%. On average, equities analysts expect that Kinross Gold Co. will post 0.81 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, March 5th. Kinross Gold's dividend payout ratio (DPR) is 15.58%.

Institutional Trading of Kinross Gold

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Investment Advisors LLC lifted its holdings in shares of Kinross Gold by 3.1% in the 1st quarter. Capital Investment Advisors LLC now owns 27,850 shares of the mining company's stock worth $351,000 after acquiring an additional 850 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Kinross Gold by 2.2% in the fourth quarter. Signaturefd LLC now owns 41,072 shares of the mining company's stock worth $381,000 after buying an additional 865 shares during the period. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Kinross Gold by 30.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,302 shares of the mining company's stock worth $40,000 after acquiring an additional 1,002 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Kinross Gold by 2.4% during the 4th quarter. TD Private Client Wealth LLC now owns 45,617 shares of the mining company's stock valued at $423,000 after acquiring an additional 1,079 shares during the period. Finally, Schechter Investment Advisors LLC grew its position in Kinross Gold by 2.8% in the 4th quarter. Schechter Investment Advisors LLC now owns 39,569 shares of the mining company's stock valued at $367,000 after acquiring an additional 1,080 shares during the last quarter. Hedge funds and other institutional investors own 63.69% of the company's stock.

About Kinross Gold

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.