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Centerra Gold (TSE:CG) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Centerra Gold logo with Basic Materials background

Centerra Gold Inc. (TSE:CG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.98 and traded as high as C$10.22. Centerra Gold shares last traded at C$9.94, with a volume of 851,007 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on CG. TD Securities decreased their price objective on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Friday, March 7th. Royal Bank Of Canada boosted their price target on Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. Cibc World Mkts raised Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, Raymond James Financial increased their target price on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of "Moderate Buy" and a consensus price target of C$12.11.

Read Our Latest Research Report on CG

Centerra Gold Stock Down 3.1%

The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The company has a market cap of C$1.45 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.26 and a beta of 1.23. The stock has a 50 day moving average price of C$9.61 and a 200 day moving average price of C$9.00.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 annualized dividend and a dividend yield of 2.90%. Centerra Gold's dividend payout ratio (DPR) is 40.58%.

Centerra Gold Company Profile

(Get Free Report)

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.

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