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

Kinross Gold Co. (TSE:K) (NYSE:KGC) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Investors of record on Thursday, May 30th will be given a dividend of 0.03 per share on Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a yield of 1.29%.

Kinross Gold Trading Up 0.8 %

K stock traded up C$0.07 during trading on Tuesday, reaching C$9.29. 1,776,234 shares of the stock were exchanged, compared to its average volume of 3,328,473. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 36.54. The firm has a market capitalization of C$11.43 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of -0.60 and a beta of 1.21. The business has a 50 day moving average price of C$8.20 and a 200-day moving average price of C$7.76. Kinross Gold has a 1 year low of C$5.91 and a 1 year high of C$9.39.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, beating the consensus estimate of C$0.12 by C$0.03. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. The business had revenue of C$1.52 billion for the quarter, compared to analyst estimates of C$1.24 billion. On average, research analysts predict that Kinross Gold will post 0.4605193 earnings per share for the current year.

Wall Street Analyst Weigh In

K has been the topic of a number of recent research reports. Eight Capital upped their target price on shares of Kinross Gold from C$10.00 to C$11.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. National Bank Financial restated an “outperform overweight” rating on shares of Kinross Gold in a report on Monday, April 8th. Canaccord Genuity Group boosted their target price on shares of Kinross Gold from C$11.00 to C$12.50 in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus raised their price target on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research note on Friday, April 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and an average target price of C$10.70.

Insider Activity at Kinross Gold

In other news, Senior Officer Michiel Van Akkooi sold 62,479 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now directly owns 3 shares in the company, valued at C$20.10. In other Kinross Gold news, Senior Officer Nathan M. Longenecker sold 22,521 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$5.17, for a total transaction of C$116,433.57. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the completion of the transaction, the insider now owns 3 shares of the company’s stock, valued at approximately C$20.10. Insiders have sold a total of 143,621 shares of company stock worth $893,873 in the last three months. Insiders own 0.26% of the company’s stock.

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.