Kinross Gold - K Stock Forecast, Price & News

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 K opened at C$4.59 on Friday. The firm has a market capitalization of C$5.97 billion and a PE ratio of 25.50. The company's 50-day moving average is C$4.70 and its 200-day moving average is C$6.06. Kinross Gold has a fifty-two week low of C$3.92 and a fifty-two week high of C$8.94. The company has a debt-to-equity ratio of 42.01, a current ratio of 3.00 and a quick ratio of 1.04.

Kinross Gold (TSE:K - Get Rating) (NYSE:KGC) last released its quarterly earnings results on Wednesday, July 27th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.07). The company had revenue of C$1.05 billion for the quarter. Equities analysts forecast that Kinross Gold will post 0.51 EPS for the current year.

Kinross Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be paid a dividend of $0.03 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.12 dividend on an annualized basis and a yield of 2.61%. Kinross Gold's payout ratio is 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on K shares. Stifel Nicolaus dropped their target price on shares of Kinross Gold from C$14.00 to C$11.50 in a research note on Wednesday, April 27th. National Bankshares dropped their target price on shares of Kinross Gold from C$9.25 to C$8.25 and set an "outperform" rating for the company in a research note on Wednesday, August 3rd. Canaccord Genuity Group boosted their price target on shares of Kinross Gold from C$9.50 to C$12.00 in a research note on Friday, April 22nd. Royal Bank of Canada downgraded shares of Kinross Gold from an "outperform" rating to a "hold" rating and set a C$6.00 price target for the company. in a research note on Wednesday, April 20th. Finally, Eight Capital boosted their price target on shares of Kinross Gold from C$11.00 to C$11.50 and gave the stock a "buy" rating in a research note on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$9.14.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Michiel Van Akkooi sold 10,000 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the sale, the insider now directly owns 41,532 shares in the company, valued at C$180,248.88. In related news, Director Glenn Antony Ives purchased 20,000 shares of Kinross Gold stock in a transaction dated Friday, August 5th. The shares were bought at an average cost of C$4.35 per share, for a total transaction of C$87,052.80. Following the purchase, the director now owns 70,000 shares in the company, valued at approximately C$304,684.80. Also, Senior Officer Michiel Van Akkooi sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of C$4.34, for a total transaction of C$43,400.00. Following the completion of the sale, the insider now owns 41,532 shares in the company, valued at C$180,248.88.