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

Kinross Gold Co. (TSE:K) (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$12.65 and traded as high as C$13.57. Kinross Gold shares last traded at C$13.54, with a volume of 867,191 shares.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Eight Capital increased their price objective on Kinross Gold from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 11th. Stifel Nicolaus boosted their price objective on shares of Kinross Gold from C$14.50 to C$18.00 in a research report on Monday, October 21st. National Bankshares lifted their target price on shares of Kinross Gold from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group reduced their price target on Kinross Gold from C$17.00 to C$16.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinross Gold presently has a consensus rating of “Buy” and a consensus price target of C$16.70.

Kinross Gold Stock Up 1.0 %

The stock has a market cap of C$16.65 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24. The firm’s 50-day moving average is C$13.96 and its 200 day moving average is C$12.66. The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11.

Kinross Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were issued a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, November 28th. Kinross Gold’s payout ratio is currently 29.63%.

Insider Activity at Kinross Gold

In other news, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total transaction of C$99,067.02. Also, Director George Nickolas Paspalas bought 5,000 shares of Kinross Gold stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Over the last quarter, insiders have sold 1,608,122 shares of company stock worth $22,536,883. Company insiders own 0.26% of the company’s stock.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.