Centerra Gold Inc. (TSE:CG - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.04 and traded as high as C$9.78. Centerra Gold shares last traded at C$9.70, with a volume of 793,210 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CG. Desjardins raised Centerra Gold to a "moderate buy" rating in a report on Thursday, October 31st. Royal Bank of Canada reduced their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Raymond James reduced their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, CIBC reduced their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$11.28.
Read Our Latest Analysis on CG
Centerra Gold Stock Down 4.2 %
The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The company has a market capitalization of C$2.02 billion, a P/E ratio of 11.29, a PEG ratio of 1.26 and a beta of 1.23. The company has a 50 day moving average of C$8.57 and a 200-day moving average of C$9.05.
Centerra Gold Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.95%. Centerra Gold's payout ratio is 33.33%.
About Centerra Gold
(
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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.
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