Centerra Gold (TSE:CG) Shares Pass Below Two Hundred Day Moving Average of $10.91

Centerra Gold Inc. (TSE:CGGet Rating)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.91 and traded as low as C$8.96. Centerra Gold shares last traded at C$9.03, with a volume of 672,198 shares traded.

CG has been the subject of a number of recent research reports. National Bankshares decreased their price target on shares of Centerra Gold from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research note on Monday, May 9th. TD Securities reduced their target price on shares of Centerra Gold from C$14.50 to C$14.00 and set a “hold” rating for the company in a research note on Friday, May 6th. Canaccord Genuity Group raised their target price on shares of Centerra Gold from C$12.75 to C$15.00 in a research note on Friday, April 22nd. Scotiabank raised their target price on shares of Centerra Gold from C$12.50 to C$14.00 in a research note on Tuesday, April 5th. Finally, CIBC reduced their target price on shares of Centerra Gold from C$14.00 to C$13.75 in a research note on Friday, March 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$12.90.

The stock’s fifty day moving average price is C$10.77 and its 200-day moving average price is C$10.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.64 and a current ratio of 4.67. The firm has a market cap of C$2.70 billion and a PE ratio of -4.55.

Centerra Gold (TSE:CGGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported C$0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.16 by C$0.08. The company had revenue of C$373.97 million during the quarter. Sell-side analysts forecast that Centerra Gold Inc. will post 1.2850214 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Wednesday, June 1st were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, May 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.09%. Centerra Gold’s dividend payout ratio is presently -10.43%.

Centerra Gold Company Profile (TSE:CG)

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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