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

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 given 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 Trading Up 0.9 %

Shares of K stock opened at C$17.39 on Thursday. The business has a 50-day moving average price of C$14.84 and a two-hundred day moving average price of C$13.67. Kinross Gold has a 12-month low of C$6.46 and a 12-month high of C$17.63. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. The firm has a market cap of C$21.39 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Insider Transactions at Kinross Gold

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction 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, Director George Nickolas Paspalas bought 5,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Over the last 90 days, insiders have sold 1,408,122 shares of company stock worth $19,734,883. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

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