Shares of Centerra Gold Inc. (TSE:CG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.68 and traded as high as $15.10. Centerra Gold shares last traded at $15.07, with a volume of 851,518 shares changing hands.
CG has been the subject of several recent research reports. Raymond James raised shares of Centerra Gold from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$14.50 to C$16.00 in a research note on Monday, May 4th. National Bank Financial increased their target price on Centerra Gold from C$14.50 to C$15.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. CIBC raised Centerra Gold from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$14.00 to C$17.00 in a research note on Monday, June 8th. Bank of America dropped their price objective on Centerra Gold from C$14.00 to C$12.00 in a research note on Wednesday, March 4th. Finally, Canaccord Genuity lifted their target price on shares of Centerra Gold from C$16.00 to C$17.50 in a research note on Wednesday, May 20th. Six research analysts have rated the stock with a buy rating, Centerra Gold currently has an average rating of “Buy” and an average target price of C$14.56.
The company’s 50-day moving average price is C$13.45 and its 200 day moving average price is C$10.68. The stock has a market capitalization of $4.03 billion and a PE ratio of -34.64. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.17 and a current ratio of 4.32.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. Centerra Gold’s dividend payout ratio is presently -6.48%.
In other news, Senior Officer John William Pearson sold 22,210 shares of Centerra Gold stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of C$14.00, for a total transaction of C$310,940.00. Following the completion of the transaction, the insider now directly owns 16,227 shares in the company, valued at C$227,178. Also, Senior Officer Yousef Rehman sold 3,210 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$13.53, for a total value of C$43,431.30. Following the completion of the sale, the insider now owns 16,308 shares in the company, valued at approximately C$220,647.24. Over the last ninety days, insiders sold 31,111 shares of company stock worth $425,566.
About Centerra Gold (TSE:CG)
Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.
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