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

Kinross Gold Co. (TSE:K) (NYSE:KGC) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Thursday, November 28th will be paid a dividend of 0.041 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 28th.

Kinross Gold Stock Performance

K opened at C$14.01 on Wednesday. The firm’s fifty day simple moving average is C$13.65 and its two-hundred day simple moving average is C$12.20. Kinross Gold has a 52-week low of C$6.46 and a 52-week high of C$14.95. The company has a market cap of C$17.23 billion, a price-to-earnings ratio of 25.94, a PEG 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on K shares. Eight Capital raised their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group decreased their target price on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Stifel Nicolaus boosted their price target on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. Finally, 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 report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of Kinross Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Insiders have sold 1,523,785 shares of company stock valued at $21,319,079 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

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.