Kinross Gold (TSE:K) Sets New 52-Week High – Still a Buy?

Kinross Gold Co. (TSE:K) (NYSE:KGC)’s share price hit a new 52-week high during mid-day trading on Monday . The company 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.

Wall Street Analyst Weigh In

K has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of Kinross Gold from C$14.50 to C$18.00 in a report on Monday, October 21st. National Bankshares boosted their price objective on Kinross Gold from C$20.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Tuesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinross Gold has a consensus rating of “Buy” and an average target price of C$17.10.

Kinross Gold Stock Down 0.5 %

The stock has a market capitalization of C$21.19 billion, a P/E ratio of 31.91, a P/E/G ratio of -0.60 and a beta of 1.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 31.89. The firm’s fifty day moving average is C$14.78 and its 200-day moving average is C$13.65.

Insider Transactions at Kinross Gold

In related news, Senior Officer Claude J.S. Schimper sold 7,122 shares of the business’s stock in a transaction that occurred 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 Jonathan Paul Rollinson sold 1,300,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$14.00, for a total value of C$18,200,000.00. Over the last quarter, insiders have sold 1,408,122 shares of company stock worth $19,734,883. Insiders own 0.26% of the company’s stock.

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.