Centerra Gold (TSE:CG) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CG. TD Securities lowered their target price on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Friday, March 7th. National Bankshares raised their target price on Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research note on Wednesday. Desjardins lowered Centerra Gold from a "buy" rating to a "hold" rating and decreased their price target for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. CIBC increased their price target on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a report on Thursday. Finally, Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$11.58.

Centerra Gold Stock Down 2.3 %

The firm's 50 day simple moving average is C$8.78 and its 200-day simple moving average is C$8.92. The company has a market cap of C$1.31 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. Centerra Gold's dividend payout ratio (DPR) is presently 40.58%.

Insider Activity

In related news, Director Paul Nicholas Wright bought 35,000 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Corporate insiders own 0.21% of the company's stock.

About Centerra Gold

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.