Centerra Gold (TSE:CG) Shares Pass Above 200 Day Moving Average of $8.05

Centerra Gold Inc. (TSE:CG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$8.05 and traded as high as C$9.37. Centerra Gold shares last traded at C$9.31, with a volume of 872,273 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CG shares. Canaccord Genuity Group increased their target price on Centerra Gold from C$10.75 to C$11.00 in a research note on Tuesday, April 23rd. CIBC raised their price objective on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Finally, Cormark raised their price objective on Centerra Gold from C$13.00 to C$13.90 in a research note on Wednesday, May 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Centerra Gold has an average rating of “Buy” and an average price target of C$11.07.

Centerra Gold Price Performance

The stock has a market capitalization of C$2.00 billion, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.26 and a beta of 1.19. The company has a fifty day simple moving average of C$9.03 and a 200 day simple moving average of C$8.05. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22.

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

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

Insider Transactions at Centerra Gold

In other news, Director Craig Stephen Macdougall bought 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of C$9.56 per share, with a total value of C$100,330.65. In the last ninety days, insiders acquired 11,047 shares of company stock valued at $105,374. Corporate insiders own 0.23% 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.