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.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Barclays reduced their target price on Kinross Gold from $7.00 to $6.00 in a report on Tuesday, July 19th. Canaccord Genuity Group dropped their price objective on Kinross Gold from C$12.00 to C$11.00 in a report on Thursday, June 16th. 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 for the company. in a research report on Wednesday, April 20th. Stifel Nicolaus reduced their target price on shares of Kinross Gold from C$11.00 to C$10.00 in a research report on Wednesday, July 20th. Finally, Raymond James set a $7.50 target price on Kinross Gold and gave the company an "outperform" rating in a research report on Thursday, May 12th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Kinross Gold presently has a consensus rating of "Moderate Buy" and an average price target of $7.50.
Kinross Gold Stock Performance
KGC traded down $0.13 during trading on Friday, reaching $3.35. 24,057,641 shares of the company were exchanged, compared to its average volume of 20,232,056. Kinross Gold has a 52 week low of $3.00 and a 52 week high of $7.13. The company has a current ratio of 3.00, a quick ratio of 1.68 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $3.76 and a 200 day moving average of $4.83. The stock has a market cap of $4.35 billion, a P/E ratio of -6.98 and a beta of 1.01.
Kinross Gold (NYSE:KGC - Get Rating) (TSE:K) last released its quarterly earnings data on Wednesday, July 27th. The mining company reported $0.03 earnings per share 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 positive return on equity of 4.59% and a negative net margin of 18.36%. On average, sell-side analysts forecast that Kinross Gold will post 0.33 EPS for the current fiscal year.
Kinross Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.12 annualized dividend and a dividend yield of 3.58%. Kinross Gold's dividend payout ratio is presently -25.00%.