Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price passed 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 traded.
Wall Street Analyst Weigh In
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 report on Tuesday, February 11th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$17.10.
Check Out Our Latest Stock Analysis on K
Kinross Gold Price Performance
The company has a market cap of C$13.99 billion, a P/E ratio of 18.94, a PEG ratio of -0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 18.81, a quick ratio of 1.11 and a current ratio of 1.61. The company has a fifty day moving average price of C$15.42 and a two-hundred day moving average price of C$14.06.
Kinross Gold Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.75%. Kinross Gold's dividend payout ratio (DPR) is 18.84%.
Insider Activity
In other Kinross Gold news, Director George Nickolas Paspalas purchased 5,000 shares of Kinross Gold stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of C$13.79 per share, for a total transaction of C$68,950.00. Also, Senior Officer Geoffrey Peters Gold sold 100,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$14.22, for a total value of C$1,421,710.00. In the last 90 days, insiders sold 111,005 shares of company stock valued at $1,592,194. 0.26% of the stock is owned by insiders.
About Kinross Gold
(
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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.
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