Centerra Gold Inc. (TSE:CG - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.15 and traded as high as C$10.00. Centerra Gold shares last traded at C$9.88, with a volume of 714,940 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. CIBC lifted their price objective on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. National Bankshares upped their price objective on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Raymond James Financial lifted their target price on shares of Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Centerra Gold presently has an average rating of "Moderate Buy" and a consensus target price of C$12.11.
View Our Latest Stock Report on CG
Centerra Gold Trading Down 0.3%
The stock has a market cap of C$1.48 billion, a PE ratio of 14.32, a PEG ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The stock's fifty day moving average price is C$9.76 and its 200 day moving average price is C$9.15.
Centerra Gold Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, June 5th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 2.83%. Centerra Gold's payout ratio is 40.58%.
About Centerra Gold
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Centerra Gold, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Centerra Gold wasn't on the list.
While Centerra Gold currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
