Centerra Gold (TSE:CG) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Centerra Gold Inc. (TSE:CG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.75 and traded as high as C$9.09. Centerra Gold shares last traded at C$9.06, with a volume of 450,867 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Desjardins cut Centerra Gold from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. National Bankshares boosted their price target on Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Raymond James boosted their price target on Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$11.83.

Centerra Gold Stock Down 0.5%

The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm has a market cap of C$1.36 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.26 and a beta of 1.23. The firm has a 50-day moving average of C$9.05 and a two-hundred day moving average of C$8.75.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 3.09%. Centerra Gold’s dividend payout ratio (DPR) is 40.58%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 3,831 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Nicholas Wright acquired 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of C$8.11 per share, for a total transaction of C$283,752.00. Insiders own 0.21% of the company’s stock.

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.