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

Centerra Gold Inc. (TSE:CG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.04 and traded as high as C$9.78. Centerra Gold shares last traded at C$9.70, with a volume of 793,210 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently commented on CG shares. Raymond James lowered their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. CIBC lowered their price target on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Royal Bank of Canada cut their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Finally, Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$11.28.

Centerra Gold Trading Up 0.9 %

The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The stock has a market cap of C$2.06 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a fifty day simple moving average of C$8.52 and a 200-day simple moving average of C$9.04.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.89%. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Centerra Gold Company Profile

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.