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

Kinross Gold Co. (TSE:K) (NYSE:KGC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.87 and traded as high as C$14.24. Kinross Gold shares last traded at C$13.88, with a volume of 2,822,540 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on K shares. Canaccord Genuity Group lowered 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 raised their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. Eight Capital lifted their price target on shares of Kinross Gold from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, National Bankshares upped their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$16.70.

Kinross Gold Stock Down 1.8 %

The firm has a market cap of C$17.07 billion, a PE ratio of 25.70, a P/E/G ratio of -0.60 and a beta of 1.24. The business’s 50-day simple moving average is C$13.81 and its 200 day simple moving average is C$12.87. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89.

Kinross Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were given a $0.041 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 28th. Kinross Gold’s payout ratio is 29.63%.

Insider Buying and Selling at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of Kinross Gold stock in a transaction dated Wednesday, November 20th. The stock was 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 the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$14.01, for a total transaction of C$2,802,000.00. Over the last ninety days, insiders sold 1,608,122 shares of company stock valued at $22,536,883. 0.26% of the stock is currently owned by insiders.

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.