Kinross Gold (TSE:K) Sets New 52-Week High – Still a Buy?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$15.53 and last traded at C$15.46, with a volume of 1215621 shares changing hands. The stock had previously closed at C$15.29.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. National Bankshares raised their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$16.70.

Kinross Gold Trading Up 2.4 %

The stock’s fifty day simple moving average is C$14.15 and its two-hundred day simple moving average is C$13.31. The firm has a market cap of C$19.25 billion, a PE ratio of 28.98, a PEG 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.

Kinross Gold (TSE:K) (NYSE:KGC) last released its earnings results on Tuesday, November 5th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.08. Kinross Gold had a return on equity of 7.81% and a net margin of 10.91%. During the same period in the previous year, the company earned $0.16 EPS. On average, sell-side analysts forecast that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.

Kinross Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, November 28th were paid a dividend of $0.041 per share. The ex-dividend date was Thursday, November 28th. This represents a $0.16 annualized dividend and a yield of 1.05%. Kinross Gold’s dividend payout ratio is 29.63%.

Insider Activity

In other Kinross Gold news, Director Jonathan Paul Rollinson sold 200,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Insiders have sold a total of 1,608,122 shares of company stock valued at $22,536,883 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Kinross Gold Company Profile

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.