Kinross Gold Co. (TSE:K) Declares $0.03 Quarterly Dividend

Kinross Gold Co. (TSE:K) (NYSE:KGC) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, March 5th will be paid a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.69%.

Kinross Gold Stock Up 0.9 %

Shares of K traded up C$0.16 during mid-day trading on Wednesday, hitting C$17.39. 2,411,706 shares of the company’s stock were exchanged, compared to its average volume of 3,038,792. The stock’s 50-day moving average is C$14.78 and its 200-day moving average is C$13.65. The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. Kinross Gold has a fifty-two week low of C$6.46 and a fifty-two week high of C$17.63. The company has a market cap of C$21.39 billion, a price-to-earnings ratio of 32.20, a P/E/G ratio of -0.60 and a beta of 1.24.

Insider Buying and Selling

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s 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 transaction of C$99,067.02. Also, Director George Nickolas Paspalas purchased 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of C$13.79 per share, with a total value of C$68,950.00. Insiders sold 1,408,122 shares of company stock worth $19,734,883 over the last 90 days. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

K has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares increased their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold currently has a consensus rating of “Buy” and a consensus target price of C$17.10.

About Kinross Gold

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.