Centerra Gold (TSE:CG) Stock Crosses Above Two Hundred Day Moving Average of $7.63

Shares of Centerra Gold Inc. (TSE:CG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$7.63 and traded as high as C$8.42. Centerra Gold shares last traded at C$8.36, with a volume of 716,800 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CG. Cormark cut their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Desjardins reduced their target price on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a report on Tuesday, January 9th. National Bankshares boosted their price target on Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the stock an “outperform” rating in a report on Wednesday, February 21st. Finally, Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Stock Performance

The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of -16.08, a PEG ratio of 1.26 and a beta of 1.21. The stock’s fifty day moving average is C$7.94 and its two-hundred day moving average is C$7.63. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The firm had revenue of C$462.92 million during the quarter. Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. On average, analysts expect that Centerra Gold Inc. will post 0.7116358 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s payout ratio is currently -53.85%.

Insiders Place Their Bets

In other news, Senior Officer Darren Millman sold 110,274 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. 0.23% of the stock is currently owned by 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.