Kinross Gold Co. to Issue Quarterly Dividend of $0.04 (TSE:K)

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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, November 28th.

Kinross Gold Stock Down 1.0 %

K opened at C$13.76 on Thursday. The stock has a market cap of C$16.92 billion, a PE ratio of 25.48, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89. Kinross Gold has a 52 week low of C$6.46 and a 52 week high of C$14.95. The business’s fifty day simple moving average is C$13.18 and its 200 day simple moving average is C$11.77.

Analyst Ratings Changes

A number of brokerages have recently issued reports on K. Stifel Nicolaus raised their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares raised their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Canaccord Genuity Group reduced their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Finally, Eight Capital raised their target price on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$16.70.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the firm’s stock in a transaction dated 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 other Kinross Gold news, Senior Officer Laurence Davies sold 12,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$13.05, for a total value of C$156,600.00. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of Kinross Gold stock in a transaction that occurred 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 sold 21,163 shares of company stock worth $273,407 over the last three months. Company 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.