Kinross Gold (TSE:K) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Price action: Kinross Gold shares crossed above their 200‑day moving average (200‑day MA C$38.77), trading as high as C$44.49 and last at C$44.26 on volume of 3,775,214 shares.
• Analyst outlook: The stock has a consensus "Buy" rating with a consensus price target of C$51.50, and several firms recently raised targets (e.g., National Bank to C$60, Stifel to C$65).
• Fundamentals and recent results: Kinross reported quarterly EPS of C$0.92 and revenue of C$2.68 billion, with a market cap of C$53.11 billion, P/E of 22.7, ROE 30.66% and net margin 33.95%; it produced roughly 2.4 million gold equivalent ounces in 2020 and holds ~30 million ounces of proven and probable gold reserves.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$38.77 and traded as high as C$44.49. Kinross Gold shares last traded at C$44.26, with a volume of 3,775,214 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. National Bank Financial increased their price objective on shares of Kinross Gold from C$52.50 to C$60.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 4th. Desjardins set a C$44.00 target price on shares of Kinross Gold and gave the company a "buy" rating in a report on Friday, November 28th. Finally, Stifel Nicolaus upped their price target on shares of Kinross Gold from C$45.00 to C$65.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$51.50.

Kinross Gold Stock Performance

The firm has a market cap of C$53.11 billion, a P/E ratio of 22.70, a PEG ratio of -0.60 and a beta of 1.11. The company has a current ratio of 2.35, a quick ratio of 1.11 and a debt-to-equity ratio of 9.08. The company's 50-day moving average is C$46.23 and its two-hundred day moving average is C$38.77.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last issued its quarterly earnings data on Wednesday, February 18th. The company reported C$0.92 EPS for the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%.The firm had revenue of C$2.68 billion during the quarter. As a group, equities analysts predict that Kinross Gold Co. will post 1.0071259 EPS for the current fiscal year.

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

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