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

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on K. Stifel Nicolaus upped their price target on Kinross Gold from C$23.50 to C$24.50 and gave the stock a "buy" rating in a report on Wednesday, May 7th. National Bank Financial raised shares of Kinross Gold to a "strong-buy" rating in a research report on Friday, March 21st. Stifel Canada upgraded shares of Kinross Gold to a "strong-buy" rating in a research note on Wednesday, March 19th. Raymond James Financial upgraded shares of Kinross Gold to a "hold" rating in a research report on Monday, June 30th. Finally, BMO Capital Markets upgraded shares of Kinross Gold to a "strong-buy" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of C$20.75.

Kinross Gold Stock Down 0.1%

The firm's 50-day moving average is C$20.65 and its two-hundred day moving average is C$18.04. 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 stock has a market cap of C$18.22 billion, a P/E ratio of 24.67, a PEG ratio of -0.60 and a beta of 1.24.

Kinross Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 29th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. Kinross Gold's payout ratio is presently 18.84%.

Insider Buying and Selling

In related news, Senior Officer Laurence Davies sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of C$20.13, for a total value of C$201,300.00. Also, Director George Nickolas Paspalas acquired 2,000 shares of Kinross Gold stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of C$19.20 per share, for a total transaction of C$38,400.00. Insiders have sold a total of 42,833 shares of company stock worth $901,122 over the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

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.