Kinross Gold (TSE:K) Shares Pass Above 200-Day Moving Average – Time to Sell?

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.29 and traded as high as C$21.57. Kinross Gold shares last traded at C$21.28, with a volume of 2,891,349 shares traded.

Wall Street Analyst Weigh In

K has been the topic of several research reports. Stifel Nicolaus raised their price target on Kinross Gold from C$23.50 to C$24.50 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Stifel Canada upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Wednesday, March 19th. National Bankshares boosted their price target on shares of Kinross Gold from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Wednesday, April 2nd. BMO Capital Markets raised shares of Kinross Gold to a “strong-buy” rating in a research report on Wednesday, April 16th. Finally, National Bank Financial raised shares of Kinross Gold to a “strong-buy” rating in a report on Friday, March 21st. Four equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$20.00.

Kinross Gold Stock Performance

The business has a 50-day moving average of C$20.36 and a two-hundred day moving average of C$17.29. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market cap of C$18.50 billion, a P/E ratio of 25.05, a P/E/G ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.56%. Kinross Gold’s dividend payout ratio is currently 18.84%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Lucas Crosby sold 12,660 shares of the business’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$21.48, for a total transaction of C$271,920.34. Also, Director George Nickolas Paspalas acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of C$19.20 per share, for a total transaction of C$38,400.00. Insiders have sold a total of 47,833 shares of company stock valued at $990,972 in the last 90 days. Insiders own 0.26% of the company’s stock.

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.