Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver. Kinross Gold Corporation was founded in 1993 and is headquartered in Toronto, Canada.
Kinross Gold Price Performance
Shares of Kinross Gold stock traded down $0.12 during trading on Wednesday, hitting $3.39. 17,001,048 shares of the company's stock traded hands, compared to its average volume of 20,959,295. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.00 and a quick ratio of 1.68. The firm's fifty day moving average price is $3.62 and its 200 day moving average price is $4.73. Kinross Gold has a twelve month low of $3.00 and a twelve month high of $7.13. The company has a market cap of $4.41 billion, a PE ratio of -7.06 and a beta of 1.01.
Kinross Gold (NYSE:KGC - Get Rating) (TSE:K) last released its quarterly earnings results on Wednesday, July 27th. The mining company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.05). The firm had revenue of $821.50 million during the quarter. Kinross Gold had a negative net margin of 18.36% and a positive return on equity of 4.59%. Analysts forecast that Kinross Gold will post 0.33 earnings per share for the current year.
Kinross Gold Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a yield of 3.54%. Kinross Gold's dividend payout ratio (DPR) is presently -25.00%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Kinross Gold from $7.00 to $7.50 and gave the stock an "outperform" rating in a report on Thursday, June 30th. Raymond James set a $7.50 target price on shares of Kinross Gold and gave the stock an "outperform" rating in a report on Thursday, May 12th. Stifel Nicolaus dropped their target price on shares of Kinross Gold from C$11.00 to C$10.00 in a report on Wednesday, July 20th. Canaccord Genuity Group decreased their price target on shares of Kinross Gold from C$12.00 to C$11.00 in a research report on Thursday, June 16th. Finally, Barclays decreased their price target on shares of Kinross Gold from $7.00 to $6.00 in a research report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Kinross Gold currently has an average rating of "Moderate Buy" and a consensus price target of $7.50.