Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price traded up 5.7% during trading on Wednesday . The stock traded as high as C$18.25 and last traded at C$18.00. 2,285,843 shares were traded during mid-day trading, a decline of 37% from the average session volume of 3,621,403 shares. The stock had previously closed at C$17.03.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Stifel Canada raised Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, National Bankshares increased their price target on Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$17.30.
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Kinross Gold Stock Up 1.0 %
The stock's 50-day moving average price is C$16.96 and its two-hundred day moving average price is C$15.13. The stock has a market capitalization of C$17.50 billion, a P/E ratio of 23.70, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81.
Kinross Gold Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Wednesday, March 5th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.60%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.
Insider Buying and Selling
In related news, Director George Vincent Albino purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$16.07 per share, with a total value of C$80,369.87. Also, Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$16.58, for a total value of C$165,800.00. In the last quarter, insiders have sold 349,670 shares of company stock valued at $5,366,186. Corporate 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.
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