Kinross Gold (TSE:K) Stock Price Passes Above 200 Day Moving Average of $5.75

Kinross Gold Co. (TSE:K) (NYSE:KGC) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.75 and traded as high as $6.06. Kinross Gold shares last traded at $5.83, with a volume of 1,822,095 shares.

Several research analysts have weighed in on the stock. Beacon Securities restated a “buy” rating on shares of Kinross Gold in a research report on Tuesday, October 8th. CIBC upped their target price on shares of Kinross Gold from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Eight Capital increased their price target on shares of Kinross Gold from C$5.25 to C$7.50 in a research report on Thursday, August 8th. Finally, National Bank Financial lowered their price target on shares of Kinross Gold from C$9.50 to C$8.50 and set an “outperform” rating on the stock in a research report on Monday, November 18th.

The firm’s 50-day moving average price is C$5.91 and its 200 day moving average price is C$5.76. The firm has a market capitalization of $7.32 billion and a price-to-earnings ratio of 43.26. The company has a debt-to-equity ratio of 39.36, a current ratio of 2.71 and a quick ratio of 0.85.

In related news, Senior Officer John Lewis Sims sold 5,589 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$6.76, for a total transaction of C$37,781.64. Following the transaction, the insider now owns 20,606 shares of the company’s stock, valued at C$139,296.56. Also, Senior Officer Paul Botond Stilicho Tomory sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$6.79, for a total transaction of C$135,700.00. Following the transaction, the insider now directly owns 123,807 shares in the company, valued at approximately C$840,030.50.

About Kinross Gold (TSE:K)

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties in the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania. It is also involved in the reclamation of gold mining properties; and production and sale of silver.

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