Kinross Gold (TSE:K) Sets New 12-Month High at $9.39

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's stock price reached a new 52-week high during trading on Friday . The company traded as high as C$9.39 and last traded at C$9.34, with a volume of 719148 shares. The stock had previously closed at C$9.20.

Analyst Ratings Changes

A number of research analysts have commented on the company. Eight Capital increased their target price on Kinross Gold from C$10.00 to C$11.00 and gave the stock a "buy" rating in a report on Monday. National Bank Financial reissued an "outperform overweight" rating on shares of Kinross Gold in a report on Monday, April 8th. Stifel Nicolaus raised their price target on Kinross Gold from C$9.00 to C$11.50 and gave the stock a "buy" rating in a report on Friday, April 19th. Finally, Canaccord Genuity Group raised their price target on Kinross Gold from C$11.00 to C$12.50 in a report on Tuesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold presently has a consensus rating of "Buy" and an average price target of C$10.70.

Kinross Gold Trading Up 0.1 %

The company has a market capitalization of C$11.33 billion, a price-to-earnings ratio of 20.02, a PEG ratio of -0.60 and a beta of 1.21. The firm has a 50-day moving average price of C$7.92 and a 200-day moving average price of C$7.66. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its earnings results 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 for the quarter, compared to analysts' expectations of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. As a group, sell-side analysts predict that Kinross Gold Co. will post 0.4605193 EPS for the current year.

Kinross Gold Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.74%. Kinross Gold's dividend payout ratio is 34.78%.

Insider Activity

In related news, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total transaction of C$144,508.16. In other Kinross Gold news, 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 completion of the sale, the insider now owns 3 shares of the company's stock, valued at C$20.10. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$4.93, for a total value of C$144,508.16. Over the last quarter, insiders have sold 143,621 shares of company stock worth $893,873. 0.26% of the stock is 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.