Centerra Gold (TSE:CG) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Centerra Gold Inc. (TSE:CG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$9.04 and traded as high as C$9.19. Centerra Gold shares last traded at C$9.16, with a volume of 406,734 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James cut their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. CIBC lowered their price target on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada reduced their price objective on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$11.28.

Centerra Gold Stock Up 4.3 %

The business has a 50 day simple moving average of C$8.41 and a 200-day simple moving average of C$9.04. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The firm has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold (TSE:CG) last issued its earnings results on Thursday, October 31st. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.03). Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. During the same quarter in the previous year, the company earned $0.27 EPS.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio is presently 33.33%.

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.