Kinross Gold (TSE:K) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$36.49 and traded as high as C$46.06. Kinross Gold shares last traded at C$45.76, with a volume of 3,407,362 shares traded.

Analyst Upgrades and Downgrades

K has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Cormark cut Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. National Bank Financial boosted their price objective on Kinross Gold from C$52.50 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Desjardins set a C$44.00 target price on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kinross Gold has an average rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Stock Performance

The firm’s fifty day simple moving average is C$43.72 and its 200 day simple moving average is C$36.49. The company has a market capitalization of C$55.24 billion, a price-to-earnings ratio of 32.00, a PEG ratio of -0.60 and a beta of 1.31. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

About Kinross Gold

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.