Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.99 and traded as high as C$20.79. Kinross Gold shares last traded at C$20.28, with a volume of 2,590,790 shares.
Analysts Set New Price Targets
A number of research firms recently issued reports on K. National Bankshares boosted their price objective on Kinross Gold from C$22.00 to C$23.00 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus boosted their price objective on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Buy" and a consensus price target of C$20.00.
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Kinross Gold Stock Up 1.4%
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$18.66 billion, a PE ratio of 25.26, a P/E/G ratio of -0.60 and a beta of 1.24. The business has a fifty day moving average price of C$20.16 and a two-hundred day moving average price of C$17.09.
Kinross Gold Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.56%. Kinross Gold's dividend payout ratio (DPR) is currently 18.84%.
Insider Transactions at Kinross Gold
In related news, Director George Nickolas Paspalas purchased 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of C$19.20 per share, with a total value of C$38,400.00. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were 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 47,833 shares of company stock valued at $990,972. 0.26% of the stock is owned by corporate insiders.
About Kinross Gold
(
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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.
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