Kinross Gold (TSE:K) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$37.37 and traded as high as C$49.95. Kinross Gold shares last traded at C$49.30, with a volume of 3,020,626 shares changing hands.

Analyst Upgrades and Downgrades

K has been the topic of several analyst reports. Cormark lowered shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. National Bank Financial raised their target price on Kinross Gold from C$52.50 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Desjardins set a C$44.00 price target on Kinross Gold and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, Stifel Nicolaus upped their price objective on Kinross Gold from C$45.00 to C$65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$51.50.

Kinross Gold Stock Performance

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 market cap of C$59.51 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of -0.60 and a beta of 1.31. The company has a fifty day moving average of C$44.82 and a two-hundred day moving average of C$37.37.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its earnings results on Wednesday, February 18th. The company reported C$0.92 earnings per share (EPS) for the quarter. Kinross Gold had a return on equity of 11.72% and a net margin of 15.23%.The business had revenue of C$2.68 billion during the quarter. Equities research analysts anticipate that Kinross Gold Co. will post 1.0071259 EPS for the current year.

About Kinross Gold

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. The company has historically used acquisitions to fuel expansion into new regions and production growth.