Kinross Gold (TSE:K) Reaches New 1-Year High – Should You Buy?

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares hit a new 52-week high on Monday . The stock traded as high as C$34.65 and last traded at C$34.43, with a volume of 643364 shares. The stock had previously closed at C$33.58.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group upgraded shares of Kinross Gold to a “strong-buy” rating in a research note on Monday, August 4th. Raymond James Financial upgraded shares of Kinross Gold to a “hold” rating in a research note on Monday, June 30th. Finally, National Bankshares increased their target price on shares of Kinross Gold from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$26.25.

Kinross Gold Stock Performance

The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The stock’s 50 day moving average price is C$27.60 and its two-hundred day moving average price is C$22.61. The firm has a market capitalization of C$41.56 billion, a PE ratio of 27.50, a PEG ratio of -0.60 and a beta of 0.67.

Kinross Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.4%. Kinross Gold’s dividend payout ratio (DPR) is presently 9.68%.

Insider Buying and Selling at Kinross Gold

In other Kinross Gold news, insider Claude J.S. Schimper sold 2,131 shares of Kinross Gold stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of C$27.86, for a total value of C$59,369.66. Following the transaction, the insider owned 35,258 shares in the company, valued at C$982,287.88. This trade represents a 5.70% decrease in their position. 0.26% of the stock is currently owned by company 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.