Kinross Gold (TSE:K) Hits New 1-Year High at $8.54

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$8.54 and last traded at C$8.43, with a volume of 1486089 shares changing hands. The stock had previously closed at C$8.31.

Analyst Upgrades and Downgrades

Separately, National Bank Financial reiterated an "outperform overweight" rating on shares of Kinross Gold in a research note on Wednesday, January 3rd.

Kinross Gold Stock Up 0.6 %

The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 36.54. The firm has a 50 day moving average price of C$7.28 and a two-hundred day moving average price of C$7.34. The company has a market capitalization of C$10.28 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of -0.60 and a beta of 1.13.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.03. The firm had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a net margin of 9.82% and a return on equity of 6.88%. As a group, sell-side analysts expect that Kinross Gold Co. will post 0.433038 earnings per share for the current year.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a dividend of $0.04 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a yield of 1.91%. Kinross Gold's dividend payout ratio (DPR) is presently 34.78%.

Insiders Place Their Bets

In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now owns 3 shares in the company, valued at approximately C$20.10. In related news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total value of C$418,609.30. Following the sale, the insider now directly owns 3 shares of the company's stock, valued at C$20.10. Over the last quarter, insiders have sold 143,621 shares of company stock valued at $893,873. 0.28% of the stock is currently owned by corporate insiders.

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.