Kinross Gold Co. Plans Quarterly Dividend of $0.03 (TSE:K)

Kinross Gold Co. (TSE:KGet Free Report) (NYSE:KGC) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.03 per share on Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.69%.

Kinross Gold Stock Up 0.9 %

Shares of TSE K traded up C$0.16 during mid-day trading on Wednesday, reaching C$17.39. 2,411,706 shares of the company were exchanged, compared to its average volume of 3,038,792. Kinross Gold has a 1 year low of C$6.46 and a 1 year high of C$17.63. The firm has a 50-day moving average of C$14.78 and a 200 day moving average of C$13.65. The stock has a market cap of C$21.39 billion, a price-to-earnings ratio of 32.20, a P/E/G 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.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares lifted their price objective on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$17.10.

Check Out Our Latest Research Report on K

Insider Activity

In related news, Director George Nickolas Paspalas acquired 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$14.22, for a total value of C$1,421,710.00. Insiders have sold a total of 1,408,122 shares of company stock worth $19,734,883 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

About Kinross Gold

(Get Free Report)

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.

Read More

Dividend History for Kinross Gold (TSE:K)

Receive News & Ratings for Kinross Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinross Gold and related companies with MarketBeat.com's FREE daily email newsletter.