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

Key Points

• Kinross shares moved above their 200‑day moving average, trading as high as C$46.62 and last at C$46.34 versus the 200‑day MA of C$40.66 on volume of about 2.35M shares.
• Analyst sentiment is bullish: multiple upgrades and target increases (RBC to "moderate buy", Stifel to C$65, National Bank to C$60) leave an average "Buy" rating and an average price target of C$51.50.
• Fundamentals show strength after the quarter (C$0.92 EPS, C$2.68B revenue, 30.66% ROE, 33.95% net margin), with the stock trading at a PE of ~23.8 and a market cap of C$55.5B.

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$40.66 and traded as high as C$46.62. Kinross Gold shares last traded at C$46.34, with a volume of 2,350,698 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada upgraded Kinross Gold from a "hold" rating to a "moderate buy" rating in a research note on Thursday, March 12th. Stifel Nicolaus raised their target price on Kinross Gold from C$45.00 to C$65.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Finally, National Bank Financial lifted their target price on Kinross Gold from C$52.50 to C$60.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$51.50.

Kinross Gold Stock Performance

The company's 50 day simple moving average is C$44.38 and its 200 day simple moving average is C$40.66. The company has a debt-to-equity ratio of 9.08, a quick ratio of 1.11 and a current ratio of 2.35. The stock has a market cap of C$55.50 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of -0.60 and a beta of 1.48.

Kinross Gold (TSE:K - Get Free Report) NYSE: KGC last announced its earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share for the quarter. The firm had revenue of C$2.68 billion for the quarter. Kinross Gold had a return on equity of 30.66% and a net margin of 33.95%. Analysts expect that Kinross Gold Co. will post 1.0071259 earnings per share for the current year.

Insiders Place Their Bets

In other Kinross Gold news, insider Afjal Hashim sold 16,980 shares of the company's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$37.20, for a total value of C$631,656.00. Following the completion of the transaction, the insider owned 28,306 shares in the company, valued at C$1,052,983.20. This represents a 37.50% decrease in their position. Corporate insiders own 0.26% of the company's stock.

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

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