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

Kinross Gold Co. (TSE:K) (NYSE:KGC) announced a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Thursday, May 30th will be given a dividend of 0.03 per share on Thursday, June 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.23%.

Kinross Gold Trading Up 5.2 %

TSE:K traded up C$0.48 during mid-day trading on Wednesday, reaching C$9.77. 2,232,004 shares of the company’s stock traded hands, compared to its average volume of 3,313,441. The firm has a market capitalization of C$12.02 billion, a price-to-earnings ratio of 20.20, a PEG ratio of -0.60 and a beta of 1.21. Kinross Gold has a 12-month low of C$5.91 and a 12-month high of C$9.85. The company has a 50 day moving average price of C$8.25 and a 200-day moving average price of C$7.77. The company has a debt-to-equity ratio of 36.54, a current ratio of 2.63 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.03. The company had revenue of C$1.52 billion during the quarter, compared to analyst estimates of C$1.24 billion. Kinross Gold had a return on equity of 6.88% and a net margin of 9.82%. On average, sell-side analysts predict that Kinross Gold will post 0.4605193 earnings per share for the current year.

Insider Buying and Selling at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 8,400 shares of Kinross Gold stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 8,400 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$7.64, for a total transaction of C$64,176.00. Also, Senior Officer Michiel Van Akkooi sold 62,479 shares of Kinross Gold stock in a transaction on Thursday, February 29th. The shares were sold at an average price of C$6.70, for a total transaction of C$418,609.30. Following the transaction, the insider now owns 3 shares in the company, valued at approximately C$20.10. Over the last 90 days, insiders have sold 143,621 shares of company stock valued at $893,873. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

K has been the topic of a number of research analyst reports. Eight Capital upped their target price on Kinross Gold from C$10.00 to C$11.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Stifel Nicolaus raised their price objective on Kinross Gold from C$9.00 to C$11.50 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bank Financial reissued an “outperform overweight” rating on shares of Kinross Gold in a research note on Monday, April 8th. Finally, Canaccord Genuity Group increased their price objective on Kinross Gold from C$11.00 to C$12.50 in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$10.70.

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.