Kinross Gold (TSE:K) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.70 and traded as high as C$14.06. Kinross Gold shares last traded at C$13.90, with a volume of 1,657,319 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on K shares. Canaccord Genuity Group dropped their price objective 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. Eight Capital increased their target price 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. National Bankshares raised their price objective on shares of 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. Finally, Stifel Nicolaus raised their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of C$16.70.

Kinross Gold Stock Down 1.0 %

The firm has a market capitalization of C$16.92 billion, a PE ratio of 25.74, a PEG ratio of -0.60 and a beta of 1.24. The business's fifty day moving average price is C$13.15 and its 200 day moving average price is C$11.74. The company has a quick ratio of 1.11, a current ratio of 1.27 and a debt-to-equity ratio of 31.89.

Insider Activity

In other Kinross Gold news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. In related news, Senior Officer Claude J.S. Schimper sold 4,500 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of C$12.31, for a total transaction of C$55,395.00. Also, Senior Officer David C. Shaver sold 4,663 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$13.17, for a total transaction of C$61,411.71. In the last 90 days, insiders have sold 21,163 shares of company stock valued at $273,407. Company 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.