Kinross Gold (TSE:K) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Kinross Gold Co. (TSE:K) (NYSE:KGC) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

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

Kinross Gold Stock Up 1.0 %

The stock’s fifty day moving average price is C$13.96 and its 200 day moving average price is C$12.65. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The stock has a market cap of C$16.65 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of -0.60 and a beta of 1.24.

Kinross Gold Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the stock in a transaction 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 Jonathan Paul Rollinson sold 200,000 shares of Kinross Gold stock in a transaction on Monday, November 11th. The stock was sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Insiders sold a total of 1,608,122 shares of company stock valued at $22,536,883 over the last 90 days. Insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

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.