Centerra Gold Inc. (TSE:CG - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.86 and traded as high as C$10.50. Centerra Gold shares last traded at C$10.32, with a volume of 1,085,829 shares.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CG. Cormark cut shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. TD Securities reduced their price objective on 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. Royal Bank of Canada upped their target price on Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Raymond James lifted their price target on Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. Finally, CIBC upped their price objective on Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$12.11.
Check Out Our Latest Stock Report on CG
Centerra Gold Stock Up 2.2%
The stock has a market cap of C$1.49 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm's fifty day moving average price is C$9.35 and its two-hundred day moving average price is C$8.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.
Centerra Gold Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.82%. Centerra Gold's dividend payout ratio (DPR) is currently 40.58%.
About Centerra Gold
(
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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