Kinross Gold (TSE:K) Hits New 12-Month High – Should You Buy?

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) hit a new 52-week high during trading on Tuesday . The company traded as high as C$15.53 and last traded at C$15.46, with a volume of 1215621 shares trading hands. The stock had previously closed at C$15.29.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. National Bankshares lifted their target price on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus lifted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$16.70.

Kinross Gold Trading Up 3.5 %

The firm’s 50 day moving average is C$14.29 and its 200 day moving average is C$13.38. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The company has a market cap of C$20.43 billion, a PE ratio of 30.76, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold (TSE:K) (NYSE:KGC) last posted its earnings results on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same quarter in the previous year, the business earned $0.16 earnings per share. On average, equities analysts anticipate that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Kinross Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 28th were given a $0.041 dividend. The ex-dividend date was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 0.99%. Kinross Gold’s dividend payout ratio (DPR) is presently 29.63%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$14.00, for a total value of C$18,200,000.00. In the last three months, insiders sold 1,608,122 shares of company stock worth $22,536,883. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Company Profile

Kinross Gold is a Canada-based senior gold producer, producing roughly 2.4 million gold equivalent ounces in 2020. The company had 30 million ounces of proven and probable gold reserves and 59 million ounces of silver reserves at the end of 2020. It operates mines and focuses its greenfield and brownfield exploration in the Americas, West Africa, and Russia.