Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.28 and traded as high as C$20.03. Kinross Gold shares last traded at C$20.00, with a volume of 4,623,948 shares traded.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on K shares. Stifel Canada upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, March 19th. National Bankshares boosted their price objective on Kinross Gold from C$22.00 to C$23.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 2nd. National Bank Financial upgraded Kinross Gold to a "strong-buy" rating in a research note on Friday, March 21st. Stifel Nicolaus lifted their price target on Kinross Gold from C$23.50 to C$24.50 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, BMO Capital Markets upgraded shares of Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$20.00.
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Kinross Gold Stock Up 1.3%
The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11. The company has a market capitalization of C$17.79 billion, a price-to-earnings ratio of 24.09, a PEG ratio of -0.60 and a beta of 1.24. The firm has a 50-day moving average price of C$19.26 and a two-hundred day moving average price of C$16.45.
Kinross Gold Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 29th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.59%. Kinross Gold's dividend payout ratio (DPR) is presently 18.84%.
Insider Transactions at Kinross Gold
In related news, Senior Officer Claude J.S. Schimper sold 1,339 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$20.39, for a total transaction of C$27,302.21. Also, Senior Officer Laurence Davies sold 10,000 shares of Kinross Gold stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$16.58, for a total transaction of C$165,800.00. Insiders have sold a total of 351,009 shares of company stock worth $5,393,488 in the last 90 days. Corporate insiders own 0.26% of the company's stock.
Kinross Gold Company Profile
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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.
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