Kinross Gold (TSE:K) Reaches New 12-Month High at $6.57

Kinross Gold Co. (TSE:K) (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

The stock has a fifty day moving average price of C$6.56 and a 200 day moving average price of C$6.41. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 41.25. The firm has a market cap of C$8.01 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of -0.60 and a beta of 0.99.

Kinross Gold (TSE:K) (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.