Centerra Gold (TSE:CG) Price Target Raised to C$11.00 at CIBC

Centerra Gold (TSE:CG) had its price target upped by CIBC from C$9.50 to C$11.00 in a research report released on Monday, BayStreet.CA reports.

CG has been the topic of a number of other reports. National Bankshares set a C$9.50 price objective on shares of Centerra Gold and gave the stock an outperform rating in a report on Friday, February 16th. National Bank Financial reiterated an outperform overweight rating on shares of Centerra Gold in a research note on Monday, April 8th. Desjardins lowered their target price on Centerra Gold from C$12.00 to C$11.75 and set a buy rating on the stock in a research note on Tuesday, January 9th. Cormark lowered their target price on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Finally, Canaccord Genuity Group lowered their target price on Centerra Gold from C$11.75 to C$10.75 and set a buy rating on the stock in a research note on Thursday, March 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$10.36.

Centerra Gold Stock Performance

TSE:CG opened at C$8.27 on Monday. The company has a fifty day moving average of C$7.49 and a 200-day moving average of C$7.44. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -15.90, a P/E/G ratio of 1.26 and a beta of 1.16. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.09.

Centerra Gold (TSE:CG) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.01). Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. The company had revenue of C$462.92 million during the quarter. As a group, sell-side analysts anticipate that Centerra Gold will post 0.4058317 EPS for the current year.

Centerra Gold Announces Dividend

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

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total transaction of C$766,955.67. Company insiders own 0.38% of the company’s stock.

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 are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.