Centerra Gold (TSE:CG) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Centerra Gold Inc. (TSE:CG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.01 and traded as high as C$15.93. Centerra Gold shares last traded at C$15.60, with a volume of 792,340 shares.

Analyst Ratings Changes

CG has been the topic of a number of research reports. Canaccord Genuity Group increased their target price on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. CIBC increased their target price on shares of Centerra Gold from C$15.00 to C$20.00 in a report on Friday, October 10th. BMO Capital Markets increased their target price on shares of Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. Royal Bank Of Canada cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Finally, Raymond James Financial cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$13.50 to C$16.50 in a report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$14.94.

Centerra Gold Stock Performance

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 stock’s fifty day moving average is C$13.56 and its two-hundred day moving average is C$11.01. The firm has a market cap of C$3.17 billion, a price-to-earnings ratio of 45.88, a PEG ratio of 1.26 and a beta of 1.55.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, September 4th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is 59.31%.

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.