Kinross Gold (TSE:K) Shares Pass Above 200 Day Moving Average – Should You Sell?

Kinross Gold Co. (TSE:K) (NYSE:KGC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$13.95 and traded as high as C$15.89. Kinross Gold shares last traded at C$15.32, with a volume of 3,994,748 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bankshares upped their price target on shares of Kinross Gold from C$20.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$17.10.

Kinross Gold Stock Down 0.3 %

The company’s fifty day simple moving average is C$15.28 and its 200 day simple moving average is C$13.95. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81. The firm has a market capitalization of C$13.28 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.79%. Kinross Gold’s payout ratio is currently 18.84%.

Insider Activity

In other news, Director George Vincent Albino purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of C$16.07 per share, for a total transaction of C$80,369.87. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of Kinross Gold stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$14.22, for a total transaction of C$1,421,710.00. Company 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.