Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.04 and traded as high as C$21.08. Kinross Gold shares last traded at C$20.98, with a volume of 2,413,413 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on K. National Bankshares boosted their price target on Kinross Gold from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. National Bank Financial upgraded 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 report on Wednesday, March 19th. Stifel Nicolaus boosted their price objective on Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, BMO Capital Markets upgraded Kinross Gold to a "strong-buy" rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$20.75.
Get Our Latest Stock Report on Kinross Gold
Kinross Gold Trading Up 1.0%
The business has a 50 day moving average of C$20.68 and a two-hundred day moving average of C$18.09. 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 firm has a market capitalization of C$18.41 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of -0.60 and a beta of 1.24.
Kinross Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Thursday, May 29th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.57%. 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 value of C$400,599.18. Also, Senior Officer Claude J.S. Schimper sold 1,339 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of C$20.39, for a total value of C$27,302.21. Over the last quarter, insiders sold 42,833 shares of company stock valued at $901,122. Corporate insiders own 0.26% of the company's stock.
About Kinross Gold
(
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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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