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

Kinross Gold Co. (TSE:K) (NYSE:KGC) declared a quarterly dividend on Tuesday, November 5th, Zacks 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 1.16%. The ex-dividend date of this dividend is Thursday, November 28th.

Kinross Gold Stock Performance

TSE:K traded up C$0.32 during trading hours on Thursday, hitting C$14.08. 364,528 shares of the company traded hands, compared to its average volume of 3,295,050. The stock has a market capitalization of C$17.32 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of -0.60 and a beta of 1.24. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.95. The firm has a 50-day moving average of C$13.18 and a 200 day moving average of C$11.77. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In related news, Senior Officer David C. Shaver sold 4,663 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Insiders have sold a total of 21,163 shares of company stock valued at $273,407 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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