Kinross Gold (TSE:K) Reaches New 52-Week High on Analyst Upgrade

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price reached a new 52-week high during trading on Friday after Stifel Nicolaus raised their price target on the stock from C$9.00 to C$11.50. Stifel Nicolaus currently has a buy rating on the stock. Kinross Gold traded as high as C$9.37 and last traded at C$9.33, with a volume of 3113277 shares traded. The stock had previously closed at C$8.97.

Separately, National Bank Financial restated an "outperform overweight" rating on shares of Kinross Gold in a research note on Monday, April 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$9.88.

Insider Activity

In other Kinross Gold 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 transaction of C$64,176.00. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the stock in a transaction on Friday, March 15th. The shares were 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 Kinross Gold stock in a transaction on Thursday, February 29th. The stock was sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now directly owns 3 shares in the company, valued at C$20.10. Insiders have sold a total of 143,621 shares of company stock valued at $893,873 in the last 90 days. 0.26% of the stock is owned by company insiders.

Kinross Gold Trading Up 3.8 %

The firm has a market capitalization of C$11.45 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of -0.60 and a beta of 1.21. 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 business's fifty day moving average is C$7.70 and its 200 day moving average is C$7.56.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.12 by C$0.03. The business had revenue of C$1.52 billion during the quarter, compared to the consensus estimate of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. Equities analysts predict that Kinross Gold Co. will post 0.4605193 earnings per share for the current year.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were paid 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 dividend yield of 1.72%. Kinross Gold's dividend payout ratio is 34.78%.

Kinross Gold Company Profile

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.