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

Centerra Gold Inc. (TSE:CG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.00 and traded as high as C$23.32. Centerra Gold shares last traded at C$22.89, with a volume of 530,095 shares changing hands.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Raymond James Financial boosted their target price on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. TD Securities boosted their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Finally, Desjardins boosted their target price on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$27.36.

Centerra Gold Trading Up 0.7%

The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The firm’s 50 day simple moving average is C$25.33 and its 200-day simple moving average is C$22.00. The company has a market capitalization of C$4.55 billion, a PE ratio of 7.38, a P/E/G ratio of 1.26 and a beta of 1.86.

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

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, May 21st. Centerra Gold’s payout ratio is currently 6.52%.

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.