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

Centerra Gold Inc. (TSE:CG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.93 and traded as high as C$8.93. Centerra Gold shares last traded at C$8.78, with a volume of 1,335,588 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. CIBC decreased their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. TD Securities reduced their target price on shares of 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. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada reduced their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and an average price target of C$11.47.

Centerra Gold Price Performance

The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average is C$8.76 and its two-hundred day moving average is C$8.93.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 40.58%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 3,831 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. 0.21% of the stock is owned by corporate insiders.

About Centerra Gold

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.