Kinross Gold Corporation (KGC) To Go Ex-Dividend on March 11th

Kinross Gold Corporation (NYSE:KGC) (TSE:K) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Wednesday, March 11th will be given a dividend of 0.04 per share by the mining company on Thursday, March 26th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, March 11th. This is a 14.3% increase from Kinross Gold’s previous quarterly dividend of $0.04.

Kinross Gold has a dividend payout ratio of 11.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kinross Gold to earn $0.82 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 17.1%.

Kinross Gold Price Performance

Kinross Gold stock opened at $33.43 on Friday. The stock has a market cap of $40.11 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 0.36 and a beta of 0.74. The company has a quick ratio of 1.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $32.07 and a 200 day simple moving average of $26.48. Kinross Gold has a 52 week low of $10.32 and a 52 week high of $39.11.

Kinross Gold (NYSE:KGC) (TSE:K) last issued its quarterly earnings results on Wednesday, February 18th. The mining company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. Kinross Gold had a return on equity of 29.13% and a net margin of 33.90%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 42.9% on a year-over-year basis. On average, research analysts forecast that Kinross Gold will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kinross Gold

Large investors have recently bought and sold shares of the stock. Caitlin John LLC bought a new position in shares of Kinross Gold in the third quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in Kinross Gold in the 4th quarter worth $26,000. Financial Management Professionals Inc. purchased a new position in shares of Kinross Gold in the fourth quarter valued at about $26,000. Virtus Advisers LLC purchased a new position in shares of Kinross Gold in the third quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of Kinross Gold during the third quarter valued at about $29,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

About Kinross Gold

Kinross Gold Corporation (NYSE: KGC) is a Toronto-based precious metals mining company primarily focused on the exploration, development and production of gold, with silver recovered as a by-product at some operations. The company’s activities span the full mining lifecycle, including discovery and resource delineation, mine construction and operation, ore processing, and eventual site reclamation and closure. Kinross sells refined gold produced at its processing facilities and manages associated logistics and processing arrangements to deliver metal to market.

Kinross operates a portfolio of producing mines and development projects across multiple regions, with a significant presence in the Americas and West Africa.