Centerra Gold (TSE:CG) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Centerra Gold Inc. (TSE:CG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$22.90 and traded as high as C$23.76. Centerra Gold shares last traded at C$23.26, with a volume of 1,186,289 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CG shares. Canadian Imperial Bank of Commerce upped their price target on Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Royal Bank Of Canada upped their price target on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Finally, 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 report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.36.

Centerra Gold Price Performance

The company has a market cap of C$4.62 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86. The company has a fifty day moving average price of C$24.67 and a two-hundred day moving average price of C$22.90. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09.

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

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is presently 6.52%.

Insider Activity at Centerra Gold

In other news, Director Paul Nicholas Wright acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the acquisition, the director owned 130,000 shares of the company’s stock, valued at C$2,900,300. This trade represents a 4.00% increase in their ownership of the stock. Also, Director Eric Dell sold 1,220 shares of Centerra Gold 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 value of C$27,962.40. Insiders have sold a total of 10,252 shares of company stock worth $235,442 in the last three months. 0.21% of the stock is owned by insiders.

About Centerra Gold

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.