Centerra Gold (TSE:CG) Shares Pass Above 200-Day Moving Average of $8.11

Centerra Gold Inc. (TSE:CG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.11 and traded as high as C$9.33. Centerra Gold shares last traded at C$9.32, with a volume of 597,950 shares traded.

Analyst Ratings Changes

CG has been the topic of several analyst reports. National Bankshares lifted their target price on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Raymond James boosted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. Cormark raised their target price on shares of Centerra Gold from C$13.00 to C$13.90 in a research note on Wednesday, May 15th. CIBC lifted their target price on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Finally, Canaccord Genuity Group increased their price target on shares of Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$11.07.

Centerra Gold Price Performance

The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22. The stock’s fifty day moving average price is C$9.20 and its 200-day moving average price is C$8.13. The firm has a market cap of C$1.97 billion, a PE ratio of 25.56, a P/E/G ratio of 1.26 and a beta of 1.19.

Centerra Gold (TSE:CG) last issued its earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. As a group, equities analysts forecast that Centerra Gold Inc. will post 0.887963 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall purchased 10,500 shares of the stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. In the last three months, insiders have acquired 11,012 shares of company stock valued at $105,101. Insiders own 0.23% of the company’s stock.

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.