Centerra Gold (TSE:CG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Centerra Gold Inc. (TSE:CG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$9.30 and traded as low as C$8.37. Centerra Gold shares last traded at C$8.38, with a volume of 521,345 shares.

Wall Street Analysts Forecast Growth

CG has been the subject of several analyst reports. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. CIBC cut their target price on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Raymond James decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.37.

Centerra Gold Stock Down 1.1 %

The company has a market capitalization of C$1.76 billion, a PE ratio of 9.87, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The company’s 50-day moving average is C$9.05 and its 200 day moving average is C$9.29.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.38%. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Insider Transactions at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. Company insiders own 0.21% of the company’s stock.

Centerra Gold Company Profile

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.