Kinross Gold (TSE:K) Sets New 1-Year High – Still a Buy?

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares reached a new 52-week high on Tuesday . The company traded as high as C$15.52 and last traded at C$15.34, with a volume of 1189808 shares. The stock had previously closed at C$15.10.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. National Bankshares upped their price target 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 raised their target price on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Price Performance

The company has a market cap of C$18.76 billion, a PE ratio of 28.24, a P/E/G ratio of -0.60 and a beta of 1.24. The stock has a 50-day simple moving average of C$13.94 and a 200 day simple moving average of C$13.17. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were paid a $0.041 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, November 28th. Kinross Gold’s dividend payout ratio (DPR) is 29.63%.

Insider Transactions at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold 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. Also, Director Jonathan Paul Rollinson sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. In the last three months, insiders have sold 1,608,122 shares of company stock worth $22,536,883. 0.26% of the stock is currently owned by 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.