Centerra Gold (TSE:CG) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Centerra Gold Inc. (TSE:CG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.81 and traded as high as C$8.95. Centerra Gold shares last traded at C$8.82, with a volume of 399,955 shares trading hands.

Analysts Set New Price Targets

CG has been the topic of a number of research reports. National Bankshares lifted their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Wednesday, March 19th. TD Securities cut their target price on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Desjardins downgraded Centerra Gold from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. CIBC lifted their price target on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Raymond James raised their target price on Centerra Gold from C$12.00 to C$13.50 in a report on Friday, April 4th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$12.09.

Centerra Gold Trading Down 1.2 %

The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The business's 50-day simple moving average is C$8.87 and its two-hundred day simple moving average is C$8.81. The stock has a market capitalization of C$1.50 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold's payout ratio is currently 40.58%.

Insider Activity at Centerra Gold

In other news, Senior Officer Claudia D'orazio sold 3,831 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. 0.21% of the stock is owned by corporate insiders.

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.