Centerra Gold (TSE:CG) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.75 and traded as high as C$9.09. Centerra Gold shares last traded at C$9.06, with a volume of 450,867 shares.

Wall Street Analyst Weigh In

CG has been the topic of several analyst reports. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. National Bankshares raised their target price on Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Wednesday, March 19th. CIBC raised their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a report on Thursday, March 20th. Desjardins lowered shares of Centerra Gold from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Finally, Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$11.83.

Centerra Gold Stock Performance

The firm has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.26 and a beta of 1.23. The stock has a fifty day moving average price of C$9.12 and a 200-day moving average price of C$8.77. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.93%. Centerra Gold's payout ratio is presently 40.58%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Director Paul Nicholas Wright purchased 35,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Company 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.