Centerra Gold (TSE:CG) Shares Cross Above 200-Day Moving Average – What’s Next?

Centerra Gold Inc. (TSE:CG) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$25.41 and traded as high as C$32.12. Centerra Gold shares last traded at C$31.51, with a volume of 742,402 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CG shares. TD raised their price target on shares of Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. ATB Cormark Capital Markets upped their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Raymond James Financial increased their price objective on shares of Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce boosted their target price on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.17.

Centerra Gold Price Performance

The business’s fifty day moving average is C$27.41 and its 200-day moving average is C$25.49. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The firm has a market cap of C$6.11 billion, a PE ratio of 9.99, a P/E/G ratio of 1.26 and a beta of 1.96.

Centerra Gold (TSE:CG) last released its earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%. The firm had revenue of C$629.00 million for the quarter.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Centerra Gold’s dividend payout ratio is 6.45%.

Insiders Place Their Bets

In other Centerra Gold news, insider Yousef Rehman sold 57,636 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$33.50, for a total transaction of C$1,930,806.00. Following the sale, the insider directly owned 77,918 shares of the company’s stock, valued at C$2,610,253. This represents a 42.52% decrease in their ownership of the stock. Also, Director Wendy Wai Ting Kei bought 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of C$29.76 per share, with a total value of C$29,760.00. Following the transaction, the director directly owned 5,172 shares of the company’s stock, valued at approximately C$153,918.72. This trade represents a 23.97% increase in their ownership of the stock. Company insiders own 0.21% of the company’s stock.

About Centerra Gold

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.