Centerra Gold (TSE:CG) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Centerra Gold shares crossed above its 200-day moving average (C$22.00), trading as high as C$23.32 and last at C$22.89 on volume of about 530,095.
• Analysts have recently raised targets and ratings, leaving a consensus of Moderate Buy with a consensus price target of C$27.36 (three Buy, three Hold).
• The company shows strong fundamentals—market cap C$4.55B, PE 7.38, net margin 41.3% and ROE 32.6%—and pays a quarterly dividend of C$0.07 (annualized yield 1.2%, ex-dividend May 21).

Centerra Gold Inc. (TSE:CG - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.00 and traded as high as C$23.32. Centerra Gold shares last traded at C$22.89, with a volume of 530,095 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. BMO Capital Markets upgraded shares of Centerra Gold from a "hold" rating to an "outperform" rating in a research report on Tuesday, January 20th. Canadian Imperial Bank of Commerce lifted their price target on shares of Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Desjardins lifted their price target on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a "hold" rating in a report on Thursday, April 23rd. Finally, Raymond James Financial lifted their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a "market perform" rating in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.36.

Centerra Gold Trading Up 0.7%

The firm has a market capitalization of C$4.55 billion, a PE ratio of 7.38, a P/E/G ratio of 1.26 and a beta of 1.86. The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The business's fifty day moving average price is C$25.33 and its 200 day moving average price is C$22.00.

Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$673.87 million during the quarter. Centerra Gold had a net margin of 41.28% and a return on equity of 32.55%.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, June 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, May 21st. Centerra Gold's payout ratio is presently 6.52%.

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 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.

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