Centerra Gold (TSE:CG) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Centerra Gold Inc. (TSE:CG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.17 and traded as high as C$9.88. Centerra Gold shares last traded at C$9.79, with a volume of 534,295 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CG shares. Canaccord Genuity Group raised their price target on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Raymond James reduced their target price on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Price Performance

The company has a 50 day moving average of C$9.50 and a 200 day moving average of C$9.17. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The business had revenue of C$386.27 million for the quarter. As a group, equities research analysts forecast that Centerra Gold Inc. will post 0.8633157 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.21% of the stock is currently owned by corporate insiders.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.