Kinross Gold (TSE:K) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Kinross Gold's share price crossed above its 200-day moving average, signaling potential upward momentum, with the stock last trading at C$32.02.
• Analysts have been bullish, with UBS Group upgrading Kinross Gold to a "strong-buy" rating and the company holding an average target price of C$26.25.
• Kinross Gold recently declared a quarterly dividend of $0.03 per share, translating to an annualized payout of $0.12 and a dividend yield of 0.4%.

Shares of Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.58 and traded as high as C$32.34. Kinross Gold shares last traded at C$32.02, with a volume of 4,726,369 shares traded.

Wall Street Analysts Forecast Growth

K has been the topic of a number of recent analyst reports. National Bankshares lifted their price objective on shares of Kinross Gold from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a report on Monday, June 30th. Finally, UBS Group upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Monday, August 4th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$26.25.

Kinross Gold Trading Up 5.2%

The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company's 50 day moving average price is C$26.40 and its 200 day moving average price is C$21.93. The company has a market cap of C$39.34 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of -0.60 and a beta of 0.67.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.4%. Kinross Gold's dividend payout ratio (DPR) is presently 9.68%.

Insiders Place Their Bets

In related news, insider Claude J.S. Schimper sold 2,131 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of C$27.86, for a total value of C$59,369.66. Following the completion of the sale, the insider directly owned 35,258 shares in the company, valued at approximately C$982,287.88. The trade was a 5.70% decrease in their position. Company 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.