Kinross Gold Co. (K) to Issue Quarterly Dividend of $0.03 on June 13th

Kinross Gold Co. (TSE:K) (NYSE:KGC) declared a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Thursday, May 30th will be paid a dividend of 0.03 per share on Thursday, June 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.23%.

Kinross Gold Price Performance

K stock opened at C$9.75 on Thursday. The firm has a 50 day simple moving average of C$8.32 and a two-hundred day simple moving average of C$7.78. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11. The stock has a market cap of C$11.99 billion, a PE ratio of 21.20, a P/E/G ratio of -0.60 and a beta of 1.21. Kinross Gold has a one year low of C$5.91 and a one year high of C$9.87.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$1.52 billion for the quarter, compared to analysts’ expectations of C$1.24 billion. On average, analysts predict that Kinross Gold will post 0.4605193 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$7.64, for a total value of C$64,176.00. In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. Also, Senior Officer Nathan M. Longenecker sold 29,312 shares of Kinross Gold stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$4.93, for a total transaction of C$144,508.16. Insiders sold a total of 143,621 shares of company stock valued at $893,873 in the last 90 days. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Eight Capital increased their price target 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. Canaccord Genuity Group raised their price objective on Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price target on Kinross Gold from C$9.00 to C$11.50 and gave the stock a “buy” rating in a research report on Friday, April 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$10.70.

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.