Kinross Gold (TSE:K) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kinross Gold Co. (TSE:K) (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$27.26 and traded as high as C$37.33. Kinross Gold shares last traded at C$36.81, with a volume of 5,037,722 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on K. National Bankshares upped their target price on shares of Kinross Gold from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Cormark downgraded shares of Kinross Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Canaccord Genuity Group upped their price objective on Kinross Gold from C$29.50 to C$37.00 in a research note on Thursday, October 2nd. Finally, UBS Group upgraded shares of Kinross Gold to a “strong-buy” rating in a report on Monday, August 4th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$29.83.

Kinross Gold Stock Performance

The company’s fifty day simple moving average is C$34.58 and its two-hundred day simple moving average is C$27.42. The stock has a market cap of C$46.29 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of -0.60 and a beta of 1.21. The company has a debt-to-equity ratio of 18.81, a current ratio of 1.61 and a quick ratio of 1.11.

Kinross Gold (TSE:K) (NYSE:KGC) last issued its quarterly earnings results on Tuesday, November 4th. The company reported C$0.44 EPS for the quarter. The business had revenue of C$2.51 billion for the quarter. Kinross Gold had a return on equity of 11.72% and a net margin of 15.23%. On average, analysts forecast that Kinross Gold Co. will post 1.0071259 earnings per share 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.