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

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s stock price 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 increased their target price on shares of Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinross Gold has an average rating of “Buy” and a consensus price target of C$17.10.

Kinross Gold Trading Down 0.3 %

The stock has a fifty day simple moving average of C$15.28 and a 200 day simple moving average of C$13.95. The firm has a market capitalization of C$13.28 billion, a P/E ratio of 17.98, a PEG ratio of -0.60 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.61 and a debt-to-equity ratio of 18.81.

Kinross Gold Cuts Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is presently 18.84%.

Insider Buying and Selling

In other news, Director George Vincent Albino acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was purchased 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 value of C$1,421,710.00. 0.26% of the stock is owned by 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.