Kinross Gold (TSE:K) Given "Outperform Overweight" Rating at National Bank Financial

National Bank Financial reissued their outperform overweight rating on shares of Kinross Gold (TSE:K - Free Report) NYSE: KGC in a research report released on Monday morning, Zacks.com reports.

Kinross Gold Price Performance

Shares of K stock traded down C$0.08 during trading hours on Monday, hitting C$8.78. 6,615,150 shares of the company's stock were exchanged, compared to its average volume of 3,270,223. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The company has a market capitalization of C$10.80 billion, a PE ratio of 19.09, a PEG ratio of -0.60 and a beta of 1.21. The business's 50 day simple moving average is C$7.53 and its 200-day simple moving average is C$7.46. Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$9.37.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last released its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts' consensus estimates of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The firm had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. On average, equities research analysts anticipate that Kinross Gold will post 0.4605193 earnings per share for the current year.

Kinross Gold Cuts Dividend

The business also recently announced 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. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Tuesday, March 5th. Kinross Gold's payout ratio is 34.78%.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the company's stock in a transaction on 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. In other news, Senior Officer Nathan M. Longenecker sold 22,521 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$5.17, for a total value of C$116,433.57. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total value of C$418,609.30. Following the transaction, the insider now directly owns 3 shares of the company's stock, valued at approximately C$20.10. In the last three months, insiders have sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is currently owned by corporate insiders.

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.