Kinross Gold Co. (TSE:K) to Issue $0.04 Quarterly Dividend

Kinross Gold Co. (TSE:K) (NYSE:KGC) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Thursday, November 28th will be given a dividend of 0.041 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, November 28th.

Kinross Gold Price Performance

K stock opened at C$13.70 on Tuesday. The business has a 50 day simple moving average of C$13.65 and a 200-day simple moving average of C$12.20. The firm has a market capitalization of C$16.85 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$14.95.

Insider Activity

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total value of C$99,067.02. Also, Senior Officer Laurence Davies sold 12,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$13.05, for a total transaction of C$156,600.00. Insiders have sold 223,785 shares of company stock valued at $3,119,079 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on K shares. National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Eight Capital upped their target price on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group cut their price target on shares of Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, Stifel Nicolaus lifted their price target on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and an average target price of C$16.70.

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.