Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (TSE:CG – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$9.55.

Several equities analysts recently commented on the stock. Bank of America upped their target price on shares of Centerra Gold from C$6.30 to C$7.50 in a research note on Wednesday, April 5th. CIBC dropped their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, May 16th. TD Securities dropped their price objective on shares of Centerra Gold from C$10.00 to C$8.50 and set a “hold” rating for the company in a research note on Tuesday, May 16th. Raymond James increased their price objective on shares of Centerra Gold from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research note on Monday, February 27th. Finally, National Bankshares dropped their price objective on shares of Centerra Gold from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Thursday.

Centerra Gold Stock Performance

CG stock opened at C$7.08 on Friday. The company has a quick ratio of 3.24, a current ratio of 4.00 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of C$8.99 and a two-hundred day moving average of C$8.13. The company has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -20.23, a P/E/G ratio of 1.26 and a beta of 0.98. Centerra Gold has a 12 month low of C$5.18 and a 12 month high of C$10.79.

Centerra Gold (TSE:CG – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The company reported C($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.12) by C$0.04. The business had revenue of C$282.82 million during the quarter. Centerra Gold had a negative net margin of 30.72% and a negative return on equity of 12.49%. As a group, equities analysts anticipate that Centerra Gold will post 0.6001603 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, May 29th will be paid a $0.07 dividend. The ex-dividend date is Friday, May 26th. This represents a $0.28 annualized dividend and a dividend yield of 3.95%. Centerra Gold’s dividend payout ratio is presently -80.00%.

About Centerra Gold

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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.