Kinross Gold (TSE:K) Sets New 1-Year High at $13.06

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) hit a new 52-week high on Tuesday . The stock traded as high as C$13.06 and last traded at C$12.80, with a volume of 2062756 shares. The stock had previously closed at C$12.78.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on Kinross Gold from C$13.50 to C$16.00 in a report on Tuesday, July 23rd. National Bankshares increased their target price on shares of Kinross Gold from C$13.75 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Eight Capital raised their price target on shares of Kinross Gold from C$11.00 to C$15.00 in a research report on Thursday, July 11th. Finally, Cormark raised shares of Kinross Gold from a “market perform” rating to a “buy” rating and boosted their price objective for the company from C$11.00 to C$13.00 in a research report on Thursday, May 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of C$13.33.

Kinross Gold Stock Up 0.2 %

The stock has a market capitalization of C$15.74 billion, a P/E ratio of 23.36, a PEG ratio of -0.60 and a beta of 1.23. The stock’s fifty day moving average is C$11.58 and its two-hundred day moving average is C$9.66. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd will be issued a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.28%. This is a boost from Kinross Gold’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, August 22nd. Kinross Gold’s dividend payout ratio (DPR) is presently 30.91%.

Insider Activity at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. 0.27% of the stock is owned by insiders.

About Kinross Gold

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.