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 Stock Performance
Shares of NYSE:KGC traded up $0.08 during trading hours on Friday, hitting $3.60. The stock had a trading volume of 10,156,858 shares, compared to its average volume of 19,872,654. The stock's fifty day simple moving average is $3.66 and its 200 day simple moving average is $4.76. Kinross Gold has a 1-year low of $3.00 and a 1-year high of $7.13. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of -7.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.68 and a current ratio of 3.00.
Kinross Gold (NYSE:KGC - Get Rating) (TSE:K) last posted its quarterly earnings data on Wednesday, July 27th. The mining company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.05). Kinross Gold had a negative net margin of 18.36% and a positive return on equity of 4.59%. The company had revenue of $821.50 million for the quarter. Sell-side analysts anticipate that Kinross Gold will post 0.33 earnings per share for the current fiscal year.
Kinross Gold Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.33%. Kinross Gold's dividend payout ratio is presently -25.00%.
Analysts Set New Price Targets
KGC has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Kinross Gold from C$11.00 to C$10.00 in a research report on Wednesday, July 20th. Royal Bank of Canada cut shares of Kinross Gold from an "outperform" rating to a "sector perform" rating and set a $6.00 price target on the stock. in a research report on Wednesday, April 20th. Raymond James set a $7.50 price target on shares of Kinross Gold and gave the stock an "outperform" rating in a research report on Thursday, May 12th. Canaccord Genuity Group reduced 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, BMO Capital Markets increased their price target on shares of Kinross Gold from $7.00 to $7.50 and gave the stock an "outperform" rating in a research report on Thursday, June 30th. 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $7.50.