Centerra Gold (TSE:CG) Share Price Passes Above 200-Day Moving Average of $7.63

Centerra Gold Inc. (TSE:CG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CG shares. Cormark reduced their price objective on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Desjardins decreased their price target on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating for the company in a report on Tuesday, January 9th. CIBC increased their price objective on Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Raymond James boosted their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. Finally, National Bankshares increased their price target on shares of Centerra Gold from C$10.50 to C$11.00 in a research note on Friday, April 19th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Centerra Gold has an average rating of “Buy” and a consensus price target of C$10.57.

Centerra Gold Trading Up 1.0 %

The business has a 50-day moving average of C$7.94 and a 200-day moving average of C$7.64. The stock has a market capitalization 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 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 quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share 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 net margin of 7.42% and a negative return on equity of 4.66%. As a group, research analysts forecast that Centerra Gold Inc. will post 0.7116358 EPS for the current year.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were given 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%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction that occurred 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 company insiders.

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.