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

Centerra Gold Inc. (TSE:CG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.91 and traded as high as C$9.99. Centerra Gold shares last traded at C$9.87, with a volume of 1,263,261 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on CG shares. TD Securities dropped their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a research note on Friday, March 21st. Cibc World Mkts raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 27th. Finally, CIBC boosted their price target on shares of Centerra Gold from C$9.80 to C$10.30 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.11.

Centerra Gold Stock Performance

The firm’s 50-day moving average price is C$9.47 and its two-hundred day moving average price is C$8.91. 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 firm has a market capitalization of C$1.48 billion, a PE ratio of 14.30, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.84%. Centerra Gold’s payout ratio is currently 40.58%.

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.