Centerra Gold (TSE:CG) Share Price Passes Above 200 Day Moving Average - Should You Sell?

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$8.85 and traded as high as C$9.55. Centerra Gold shares last traded at C$9.54, with a volume of 976,172 shares trading hands.

Analyst Ratings Changes

CG has been the topic of a number of analyst reports. 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 research report on Thursday, March 20th. Desjardins cut shares of Centerra Gold from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Cormark downgraded shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, TD Securities decreased their price objective on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$12.09.

Centerra Gold Price Performance

The business's 50-day simple moving average is C$8.76 and its two-hundred day simple moving average is C$8.85. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date was Thursday, March 13th. Centerra Gold's dividend payout ratio (DPR) is 40.58%.

Insiders Place Their Bets

In related news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. Also, Director Paul Nicholas Wright bought 35,000 shares of the business's 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. 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.