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

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on K. Canaccord Genuity Group dropped 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 boosted their price objective on Kinross Gold from C$14.50 to C$18.00 in a research note on Monday, October 21st. National Bankshares raised their target price on 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, Eight Capital boosted their price target 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. Five equities 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 a consensus price target of C$16.70.

Kinross Gold Trading Up 1.0 %

The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market capitalization of C$16.65 billion, a PE ratio of 25.07, a PEG ratio of -0.60 and a beta of 1.24. The firm’s fifty day moving average is C$13.96 and its two-hundred day moving average is C$12.65.

Kinross Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Thursday, November 28th were paid 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 was Thursday, November 28th. Kinross Gold’s payout ratio is 29.63%.

Insider Buying and Selling

In other news, Director Jonathan Paul Rollinson sold 1,300,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total transaction of C$18,200,000.00. Also, Director George Nickolas Paspalas acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Over the last 90 days, insiders sold 1,608,122 shares of company stock worth $22,536,883. 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.