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

Shares of Centerra Gold Inc. (TSE:CG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.19 and traded as high as C$23.92. Centerra Gold shares last traded at C$23.47, with a volume of 436,121 shares.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Desjardins upped their price target on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada upped their price target on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$27.36.

Centerra Gold Stock Down 9.2%

The firm has a market capitalization of C$4.23 billion, a PE ratio of 6.87, a PEG ratio of 1.26 and a beta of 1.76. The company has a fifty day moving average price of C$24.71 and a 200-day moving average price of C$23.18. The company has a debt-to-equity ratio of 2.09, a quick ratio of 3.24 and a current ratio of 2.41.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The business had revenue of C$673.87 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio is 6.52%.

Insider Activity at Centerra Gold

In other news, Director Eric Dell sold 1,220 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$22.92, for a total transaction of C$27,962.40. Also, Director Paul Nicholas Wright acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the acquisition, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Over the last ninety days, insiders have bought 5,024 shares of company stock worth $112,123 and have sold 10,252 shares worth $235,442. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.