Centerra Gold (TSE:CG) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Centerra Gold Inc. (TSE:CG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.64 and traded as high as C$20.54. Centerra Gold shares last traded at C$20.36, with a volume of 174,428 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on CG shares. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. BMO Capital Markets upped their price target on shares of Centerra Gold from C$10.00 to C$14.00 in a report on Monday, September 15th. CIBC increased their price objective on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Canaccord Genuity Group raised their price objective on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. Finally, Raymond James Financial boosted their target price on shares of Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average target price of C$15.09.

Centerra Gold Stock Performance

The company has a 50-day moving average of C$17.64 and a 200-day moving average of C$13.67. The firm has a market capitalization of C$4.11 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.59. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold (TSE:CG) last released its quarterly earnings data on Tuesday, October 28th. The company reported C$1.43 EPS for the quarter. Centerra Gold had a net margin of 8.32% and a return on equity of 6.06%. The firm had revenue of C$550.23 million during the quarter.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 26th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is currently 12.46%.

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. 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.