Centerra Gold (TSE:CG) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Centerra Gold Inc. (TSE:CG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.04 and traded as high as C$9.19. Centerra Gold shares last traded at C$9.16, with a volume of 406,734 shares changing hands.

Wall Street Analysts Forecast Growth

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

Centerra Gold Stock Down 0.8 %

The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. 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 firm’s fifty day simple moving average is C$8.42 and its two-hundred day simple moving average is C$9.04.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.28 by C($0.03). Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. During the same period last year, the business posted $0.27 earnings per share.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 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.