Centerra Gold (TSE:CG) Stock Passes Below 200 Day Moving Average – What’s Next?

Centerra Gold Inc. (TSE:CG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$23.79 and traded as low as C$22.29. Centerra Gold shares last traded at C$22.92, with a volume of 1,493,197 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Desjardins raised their price target on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and an average price target of C$27.36.

Centerra Gold Price Performance

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 company has a market capitalization of C$4.47 billion, a P/E ratio of 7.25, a PEG ratio of 1.26 and a beta of 1.76. The firm has a 50-day moving average price of C$23.63 and a two-hundred day moving average price of C$23.83.

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

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is currently 6.52%.

Insider Activity

In related news, Director Paul Nicholas Wright bought 5,000 shares of Centerra Gold stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the purchase, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Also, 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 value of C$179,786.19. In the last 90 days, insiders have sold 10,252 shares of company stock worth $235,442. Insiders own 0.21% of the company’s stock.

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.