Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.
K has been the subject of a number of recent analyst reports. CIBC boosted their target price on shares of Kinross Gold from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Eight Capital boosted their target price on shares of Kinross Gold from C$5.25 to C$7.50 in a report on Thursday, August 8th. Canaccord Genuity boosted their target price on shares of Kinross Gold from C$7.25 to C$8.00 in a report on Tuesday, August 6th. National Bank Financial lowered their target price on shares of Kinross Gold from C$9.50 to C$8.50 and set an “outperform” rating for the company in a report on Monday, November 18th. Finally, Beacon Securities restated a “buy” rating on shares of Kinross Gold in a report on Tuesday, October 8th.
The company has a quick ratio of 0.85, a current ratio of 2.71 and a debt-to-equity ratio of 39.36. The firm’s 50 day simple moving average is C$5.92 and its 200-day simple moving average is C$5.75. The company has a market capitalization of $7.58 billion and a PE ratio of 42.74.
In other Kinross Gold news, Senior Officer John Lewis Sims sold 5,589 shares of the business’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 completion of the sale, the insider now directly owns 20,606 shares in the company, valued at C$139,296.56. Also, Senior Officer Paul Botond Stilicho Tomory sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$6.79, for a total transaction of C$135,700.00. Following the sale, the insider now owns 123,807 shares of the company’s stock, valued at 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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