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

Kinross Gold Co. (TSE:K) (NYSE:KGC) crossed 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 trading hands.

Analyst Ratings Changes

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

Kinross Gold Price Performance

The firm 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 current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 18.81. The business has a 50-day moving average price of C$43.72 and a two-hundred day moving average price of C$36.49.

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.