Centerra Gold (TSE:CG – Get Rating) had its target price increased by TD Securities from C$7.00 to C$7.50 in a report released on Tuesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.
CG has been the subject of a number of other research reports. Cormark decreased their price objective on shares of Centerra Gold from C$11.25 to C$8.00 in a research report on Thursday, August 11th. CSFB boosted their price objective on shares of Centerra Gold from C$7.00 to C$7.50 in a report on Thursday, October 13th. Raymond James cut their price objective on shares of Centerra Gold from C$11.00 to C$10.50 in a report on Friday, October 21st. Canaccord Genuity Group boosted their price objective on shares of Centerra Gold from C$8.00 to C$8.50 in a report on Wednesday, October 5th. Finally, Royal Bank of Canada cut their price objective on shares of Centerra Gold from C$15.00 to C$11.00 and set an outperform rating for the company in a report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Centerra Gold currently has an average rating of Hold and a consensus target price of C$9.33.
Centerra Gold Trading Up 7.3 %
Shares of TSE CG opened at C$6.78 on Tuesday. The company’s fifty day moving average is C$6.12 and its 200-day moving average is C$7.89. The stock has a market cap of C$1.49 billion and a price-to-earnings ratio of 3.85. Centerra Gold has a twelve month low of C$5.18 and a twelve month high of C$13.52. The company has a quick ratio of 4.60, a current ratio of 6.17 and a debt-to-equity ratio of 0.54.
Centerra Gold Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, December 2nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, November 17th. Centerra Gold’s payout ratio is presently 12.60%.
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 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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