Kinross Gold Co. (TSE:K) Declares Quarterly Dividend of $0.04

Kinross Gold Co. (TSE:K) (NYSE:KGC) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Thursday, November 28th will be paid a dividend of 0.041 per share on Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, November 28th.

Kinross Gold Stock Down 1.0 %

Shares of K opened at C$13.76 on Thursday. The company has a market capitalization of C$16.92 billion, a PE ratio of 25.48, a PEG ratio of -0.60 and a beta of 1.24. Kinross Gold has a 12 month low of C$6.46 and a 12 month high of C$14.95. The stock’s 50-day moving average price is C$13.18 and its two-hundred day moving average price is C$11.77. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Insiders Place Their Bets

In other news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of C$12.31, for a total value of C$55,395.00. In other news, Senior Officer David C. Shaver sold 4,663 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total value of C$61,411.71. Also, Senior Officer Claude J.S. Schimper sold 4,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total value of C$55,395.00. In the last ninety days, insiders sold 21,163 shares of company stock valued at $273,407. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

K has been the topic of a number of recent analyst reports. Eight Capital boosted their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. National Bankshares boosted their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus boosted their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity Group dropped their price objective on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$16.70.

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.