Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's stock price hit a new 52-week high on Monday . The company traded as high as C$22.13 and last traded at C$22.04, with a volume of 1846641 shares. The stock had previously closed at C$21.01.
Analyst Ratings Changes
A number of research analysts have recently weighed in on K shares. Stifel Nicolaus raised their price target on shares of Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a report on Wednesday, May 7th. National Bankshares raised their price objective on shares of Kinross Gold from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Raymond James Financial raised shares of Kinross Gold to a "hold" rating in a report on Monday, June 30th. Finally, BMO Capital Markets raised shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$20.75.
Read Our Latest Stock Report on K
Kinross Gold Stock Performance
The stock's 50-day moving average price is C$20.75 and its 200 day moving average price is C$18.47. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The firm has a market cap of C$18.96 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.
Kinross Gold Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Thursday, May 29th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.55%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.
Insiders Place Their Bets
In related news, Director George Nickolas Paspalas bought 2,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of C$19.20 per share, with a total value of C$38,400.00. Also, Senior Officer Lucas Crosby sold 12,660 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of C$21.48, for a total transaction of C$271,920.34. Insiders sold a total of 42,833 shares of company stock valued at $901,122 in the last three months. Insiders own 0.26% of the company's stock.
Kinross Gold Company Profile
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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.
See Also
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