Centerra Gold (TSE:CG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Centerra Gold Inc. (TSE:CG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$23.19 and traded as high as C$23.92. Centerra Gold shares last traded at C$23.47, with a volume of 436,121 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on CG. Desjardins raised their price objective on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada raised their price objective on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.36.

Centerra Gold Price Performance

The stock has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.26 and a beta of 1.86. The company has a fifty day simple moving average of C$24.75 and a 200 day simple moving average of C$23.19. The company has a debt-to-equity ratio of 2.09, a quick ratio of 3.24 and a current ratio of 2.41.

Centerra Gold (TSE:CG) last announced its earnings results on Wednesday, April 29th. The company reported C$0.61 EPS for the quarter. The firm had revenue of C$673.87 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a yield of 1.2%. Centerra Gold’s payout ratio is presently 6.52%.

Insider Activity

In other Centerra Gold news, Director Eric Dell sold 7,827 shares of Centerra Gold stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total transaction of C$179,786.19. Also, Director Paul Nicholas Wright bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the acquisition, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their position. Insiders have sold a total of 10,252 shares of company stock worth $235,442 over the last ninety days. Company insiders own 0.21% of the company’s stock.

About Centerra Gold

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.