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

Centerra Gold Inc. (TSE:CG - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.93 and traded as high as C$8.93. Centerra Gold shares last traded at C$8.78, with a volume of 1,335,588 shares.

Wall Street Analysts Forecast Growth

CG has been the subject of several research analyst reports. TD Securities dropped their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Friday, March 7th. CIBC cut their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Cormark cut Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price target on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, Desjardins downgraded shares of Centerra Gold from a "buy" rating to a "hold" rating and decreased their target price for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$11.47.

Centerra Gold Trading Up 2.9 %

The company has a fifty day moving average price of C$8.76 and a 200-day moving average price of C$8.93. The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold's payout ratio is 40.58%.

Insider Buying and Selling

In related news, Senior Officer Claudia D'orazio sold 3,831 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Nicholas Wright purchased 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. 0.21% of the stock is owned by 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.

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