Kinross Gold Co. (K) to Issue Quarterly Dividend of $0.04 on December 12th

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 given a dividend of 0.041 per share on Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 28th.

Kinross Gold Trading Down 4.0 %

Shares of TSE:K opened at C$13.70 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The company has a 50 day moving average of C$13.65 and a 200-day moving average of C$12.20. Kinross Gold has a twelve month low of C$6.46 and a twelve month high of C$14.95. The firm has a market cap of C$16.85 billion, a P/E ratio of 25.37, a P/E/G ratio of -0.60 and a beta of 1.24.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Eight Capital lifted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Wednesday, September 11th. National Bankshares increased their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group cut their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and a consensus price target of C$16.70.

Insiders Place Their Bets

In other Kinross Gold news, Senior Officer David C. Shaver sold 4,663 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. In the last ninety days, insiders sold 223,785 shares of company stock valued at $3,119,079. Corporate insiders own 0.26% of the company’s stock.

About Kinross Gold

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.