Centerra Gold Inc. (TSE:CG) Given Average Recommendation of “Buy” by Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$10.23.

A number of analysts recently weighed in on the stock. Desjardins decreased their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a report on Tuesday, January 9th. National Bankshares set a C$9.50 target price on shares of Centerra Gold and gave the stock an “outperform” rating in a report on Friday, February 16th. Cormark decreased their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Bank of America upped their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th.

Centerra Gold Stock Down 1.3 %

CG opened at C$8.27 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The stock has a market cap of C$1.78 billion, a price-to-earnings ratio of -15.90, a PEG ratio of 1.26 and a beta of 1.16. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.28. The company’s 50-day moving average price is C$7.47 and its two-hundred day moving average price is C$7.43.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The business had revenue of C$462.92 million for the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. As a group, equities analysts expect that Centerra Gold will post 0.4058317 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.39%. Centerra Gold’s dividend payout ratio (DPR) is -53.85%.

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of C$6.96, for a total value of C$766,955.67. 0.38% of the stock is owned by corporate insiders.

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.