Kinross Gold (TSE:K) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Kinross Gold Co. (TSE:K - Get Free Report) NYSE: KGC's share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on K. National Bankshares raised their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Eight Capital raised 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. Canaccord Genuity Group lowered their price objective on shares of Kinross Gold from C$17.00 to C$16.50 and set a "buy" rating for the company in a research note on Friday, September 13th. Finally, Stifel Nicolaus increased their target price 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.com, Kinross Gold presently has an average rating of "Buy" and an average price target of C$16.70.

Kinross Gold Stock Up 1.0 %

The company has a debt-to-equity ratio of 31.89, a quick ratio of 1.11 and a current ratio of 1.27. The firm has a market cap of C$16.65 billion, a price-to-earnings ratio of 25.07, a PEG ratio of -0.60 and a beta of 1.24. The business's 50 day moving average price is C$13.96 and its 200 day moving average price is C$12.66.

Kinross Gold Announces Dividend

The firm also recently declared 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 was Thursday, November 28th. This represents a $0.16 annualized dividend and a dividend yield of 1.21%. Kinross Gold's dividend payout ratio is presently 29.63%.

Insider Activity

In other news, Director George Nickolas Paspalas purchased 5,000 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of C$13.79 per share, with a total value of C$68,950.00. Also, Director Jonathan Paul Rollinson sold 1,300,000 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Insiders sold 1,608,122 shares of company stock worth $22,536,883 over the last three months. 0.26% of the stock is currently owned by corporate 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.