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

Key Points

• Centerra's share price crossed above its 200-day moving average, trading as high as C$27.24 and last at C$26.92 versus the 200‑day at C$20.84.
• Multiple brokers have raised targets—RBC to C$31 and CIBC to C$37—and the consensus rating is a Moderate Buy with an average price target of C$26.42.
• Recent quarterly results show C$0.56 EPS, a 31.9% ROE and 43.18% net margin; the stock trades at a PE of 9.48 and pays a modest dividend (annualized C$0.28, yield 1.0%, payout ratio 7.07%).

Centerra Gold Inc. (TSE:CG - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.84 and traded as high as C$27.24. Centerra Gold shares last traded at C$26.92, with a volume of 355,281 shares.

Analyst Upgrades and Downgrades

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

Centerra Gold Stock Up 1.6%

The company has a 50 day moving average price of C$25.10 and a two-hundred day moving average price of C$20.84. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.39 and a quick ratio of 3.24. The stock has a market cap of C$5.39 billion, a PE ratio of 9.48, a PEG ratio of 1.26 and a beta of 1.81.

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

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 26th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 1.0%. Centerra Gold's payout ratio is currently 7.07%.

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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