Centerra Gold (TSE:CG) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Centerra shares recently crossed above their 200-day moving average, trading as high as C$24.74 versus the 200‑day average of C$20.21, on volume of about 921,994 shares.
• Several analysts have lifted ratings and price targets—BMO upgraded to "outperform" and firms like CIBC, RBC and TD raised targets (CIBC to C$37, RBC to C$31)—leaving a consensus rating of Moderate Buy and a consensus price target of C$26.42.
• Fundamentals are strong: last quarter EPS was C$0.56 on revenue of C$531.6M, a net margin of 43.18% and a P/E of 8.71, and the company pays a quarterly dividend of C$0.07 (annualized yield ~1.1%).

Centerra Gold Inc. (TSE:CG - Get Free Report)'s share price 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.

Analysts Set New Price Targets

Several research firms recently commented on CG. BMO Capital Markets raised shares of Centerra Gold from a "hold" rating to an "outperform" rating in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce boosted their price target on shares of Centerra Gold from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada raised their price objective on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Raymond James Financial lifted their price objective on 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. Finally, TD Securities boosted their target price on Centerra Gold from C$19.00 to C$30.00 in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.42.

Centerra Gold Price Performance

The company has a debt-to-equity ratio of 1.44, a quick ratio of 3.24 and a current ratio of 2.39. The business has a 50-day simple moving average of C$25.01 and a 200 day simple moving average of C$20.21. The firm has a market cap of C$4.94 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.74.

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

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, March 12th. Centerra Gold's dividend payout ratio (DPR) is presently 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.

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