Kinross Gold (TSE:K) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

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

Kinross Gold Stock Performance

The business’s fifty day moving average is C$20.36 and its two-hundred day moving average is C$17.29. The stock has a market capitalization of C$18.50 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Kinross Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.56%. Kinross Gold’s dividend payout ratio (DPR) is presently 18.84%.

Insider Transactions at Kinross Gold

In other news, Senior Officer Geoffrey Peters Gold sold 18,834 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$21.27, for a total transaction of C$400,599.18. Also, Senior Officer Claude J.S. Schimper sold 5,000 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of C$17.97, for a total value of C$89,850.00. In the last 90 days, insiders sold 47,833 shares of company stock worth $990,972. 0.26% of the stock is currently owned by company insiders.

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.