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

Centerra Gold Inc. (TSE:CG) 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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. CIBC upped their price target on Centerra Gold from C$9.50 to C$11.00 in a research report on Monday, April 15th. Raymond James upped their price target on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, April 23rd. Bank of America upped their price target on Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Finally, National Bankshares upped their target price on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus 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 company has a market cap of C$2.00 billion, a PE ratio of 25.89, a PEG ratio of 1.26 and a beta of 1.19. The company’s 50-day simple moving average is C$9.17 and its 200 day simple moving average is C$8.11.

Centerra Gold (TSE:CG) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Centerra Gold had a return on equity of 3.40% and a net margin of 4.99%. The firm had revenue of C$412.37 million for the quarter. On average, sell-side analysts predict that Centerra Gold Inc. will post 0.887963 earnings per share 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. The ex-dividend date was Wednesday, May 29th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.00%. Centerra Gold’s dividend payout ratio (DPR) is 77.78%.

Insider Transactions at Centerra Gold

In related news, Director Craig Stephen Macdougall acquired 10,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of C$9.56 per share, with a total value of C$100,330.65. Insiders have bought a total of 11,012 shares of company stock worth $105,101 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

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.