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

Centerra Gold Inc. (TSE:CG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.93 and traded as high as C$8.93. Centerra Gold shares last traded at C$8.78, with a volume of 1,335,588 shares traded.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. CIBC upped their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a “neutral” rating in a research report on Thursday. National Bankshares increased their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Securities cut their price objective on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.58.

Centerra Gold Trading Up 0.2 %

The firm has a market capitalization of C$1.34 billion, a PE ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The business’s fifty day moving average price is C$8.77 and its 200 day moving average price is C$8.93.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s payout ratio is 40.58%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Director Paul Nicholas Wright bought 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. 0.21% of the stock is owned by company insiders.

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.