Kinross Gold (TSE:K) Hits New 52-Week High – What’s Next?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.63 and last traded at C$17.25, with a volume of 453133 shares traded. The stock had previously closed at C$16.97.

Analysts Set New Price Targets

Several equities analysts recently commented on K shares. Stifel Nicolaus increased their target price on Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares increased their price objective on Kinross Gold from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$16.70.

Kinross Gold Price Performance

The company has a debt-to-equity ratio of 31.89, a current ratio of 1.27 and a quick ratio of 1.11. The firm has a market cap of C$21.21 billion, a price-to-earnings ratio of 31.93, a PEG ratio of -0.60 and a beta of 1.24. The stock has a 50-day moving average price of C$14.63 and a 200 day moving average price of C$13.58.

Insiders Place Their Bets

In other news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of C$13.91, for a total value of C$99,067.02. Also, Director George Nickolas Paspalas bought 5,000 shares of the stock in a transaction dated Monday, December 16th. The stock was purchased at an average cost of C$13.79 per share, for a total transaction of C$68,950.00. Insiders have sold a total of 1,408,122 shares of company stock valued at $19,734,883 over the last quarter. Company insiders own 0.26% of the company’s stock.

Kinross Gold Company Profile

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.