Kinross Gold Co. (TSE:K – Get Free Report) (NYSE:KGC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.57 and last traded at C$6.55, with a volume of 249605 shares. The stock had previously closed at C$6.54.
Wall Street Analyst Weigh In
Several brokerages have issued reports on K. Canaccord Genuity Group boosted their target price on shares of Kinross Gold from C$9.00 to C$9.50 in a research note on Monday, August 14th. National Bankshares reduced their price objective on Kinross Gold from C$10.00 to C$9.75 and set an “outperform” rating for the company in a research note on Friday, July 21st.
Kinross Gold Stock Performance
Kinross Gold (TSE:K – Get Free Report) (NYSE:KGC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.11 by C$0.08. The business had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.12 billion. Kinross Gold had a net margin of 5.06% and a return on equity of 3.22%. As a group, analysts predict that Kinross Gold Co. will post 0.5123596 earnings per share for the current year.
Kinross Gold Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Thursday, August 24th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Wednesday, August 23rd. Kinross Gold’s dividend payout ratio (DPR) is currently 72.73%.
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. It is also involved in the extraction and processing of gold-containing ores; reclamation of gold mining properties; and production and sale of silver.
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