Kinross Gold (TSE:K) Stock Crosses Above 200-Day Moving Average of $8.68

Kinross Gold Co. (TSE:KGet Free Report) (NYSE:KGC)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.68 and traded as high as C$11.33. Kinross Gold shares last traded at C$11.33, with a volume of 447,378 shares.

Analysts Set New Price Targets

Several brokerages have issued reports on K. National Bank Financial reiterated an “outperform overweight” rating on shares of Kinross Gold in a research report on Monday, April 8th. Eight Capital upped their price target on shares of Kinross Gold from C$10.00 to C$11.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Cormark raised Kinross Gold from a “market perform” rating to a “buy” rating and raised their target price for the stock from C$11.00 to C$13.00 in a research note on Thursday, May 9th. Canaccord Genuity Group upped their target price on Kinross Gold from C$12.50 to C$13.50 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, National Bankshares upped their price objective on shares of Kinross Gold from C$13.50 to C$13.75 in a report on Thursday, May 9th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Kinross Gold has a consensus rating of “Buy” and an average price target of C$11.88.

Check Out Our Latest Stock Analysis on Kinross Gold

Kinross Gold Price Performance

The firm has a 50-day moving average of C$10.45 and a 200-day moving average of C$8.68. The company has a debt-to-equity ratio of 36.08, a quick ratio of 1.11 and a current ratio of 1.15. The firm has a market capitalization of C$13.94 billion, a P/E ratio of 23.12, a PEG ratio of -0.60 and a beta of 1.19.

Kinross Gold (TSE:KGet Free Report) (NYSE:KGC) last issued its earnings results on Tuesday, May 7th. The company reported C$0.14 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.08 by C$0.06. The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.19 billion. Kinross Gold had a return on equity of 7.06% and a net margin of 9.86%. As a group, analysts predict that Kinross Gold Co. will post 0.7244147 EPS for the current year.

Kinross Gold Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Shareholders of record on Thursday, May 30th were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, May 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.06%. Kinross Gold’s dividend payout ratio is currently 32.65%.

Insider Buying and Selling

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$11.09, for a total transaction of C$77,630.00. In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$11.09, for a total value of C$77,630.00. Also, Senior Officer William D. Dunford sold 6,076 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$10.76, for a total transaction of C$65,377.76. Over the last quarter, insiders have sold 643,076 shares of company stock valued at $6,954,397. 0.27% of the stock is owned by insiders.

Kinross Gold Company Profile

(Get Free Report)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.

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