Centerra Gold (TSE:CG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Centerra Gold Inc. (TSE:CG) shares 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 trading hands.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. Royal Bank Of Canada increased their target price on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Desjardins raised their price objective 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. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus price target of C$27.36.

Centerra Gold Stock Performance

The stock has a fifty day simple moving average of C$24.75 and a two-hundred day simple moving average of C$23.19. The stock has a market cap of C$4.66 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.26 and a beta of 1.86. 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 earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share for the quarter. The firm 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.52%.

Insiders Place Their Bets

In other Centerra Gold news, Director Eric Dell sold 1,220 shares of the firm’s stock in a transaction 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. Also, Director Paul Nicholas Wright bought 5,000 shares of Centerra Gold stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the acquisition, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their position. In the last ninety days, insiders sold 10,252 shares of company stock worth $235,442. Company insiders own 0.21% of the company’s stock.

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.