Centerra Gold (TSE:CG) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Centerra Gold Inc. (TSE:CG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$20.21 and traded as high as C$24.74. Centerra Gold shares last traded at C$24.74, with a volume of 921,994 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Raymond James Financial raised their target price on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. TD Securities raised their price objective on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their price objective on shares of Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$26.42.

Centerra Gold Price Performance

The company has a fifty day moving average of C$25.04 and a 200-day moving average of C$20.25. The company has a current ratio of 2.39, a quick ratio of 3.24 and a debt-to-equity ratio of 1.44. The stock has a market cap of C$5.09 billion, a PE ratio of 8.96, a P/E/G ratio of 1.26 and a beta of 1.74.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, February 19th. The company reported C$0.56 EPS for the quarter. The company had revenue of C$531.63 million during the quarter. Centerra Gold had a return on equity of 31.90% and a net margin of 43.18%.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. Centerra Gold’s dividend payout ratio is currently 7.07%.

Centerra Gold Company Profile

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