Centerra Gold (TSE:CG) Shares Pass Above 200-Day Moving Average - What's Next?

Centerra Gold Inc. (TSE:CG - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.17 and traded as high as C$9.88. Centerra Gold shares last traded at C$9.79, with a volume of 534,295 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CG shares. CIBC lowered Centerra Gold from an "outperform" rating to a "neutral" rating and lifted their target price for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Cibc World Mkts downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Raymond James decreased their target price on shares of Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating for the company in a research report on Monday, September 30th. Finally, Canaccord Genuity Group lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$11.83.

Centerra Gold Trading Up 0.5 %

The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$2.08 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a 50-day simple moving average of C$9.50 and a 200 day simple moving average of C$9.17.

Centerra Gold (TSE:CG - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The business had revenue of C$386.27 million for the quarter. As a group, sell-side analysts forecast that Centerra Gold Inc. will post 0.8633157 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold's payout ratio is 33.33%.

Insider Buying and Selling

In other Centerra Gold news, Senior Officer Claudia D'orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the firm's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D'orazio sold 29,388 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. 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.