Centerra Gold Inc. (TSE:CG) Given Consensus Rating of “Buy” by Brokerages

Centerra Gold Inc. (TSE:CG) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is C$10.57.

A number of research analysts have recently weighed in on CG shares. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st. CIBC increased their price target on shares of Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. National Bank Financial restated an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. Canaccord Genuity Group upped their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday, April 23rd. Finally, Bank of America lifted their price target on Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th.

Centerra Gold Trading Up 0.2 %

TSE CG opened at C$9.00 on Friday. Centerra Gold has a one year low of C$6.07 and a one year high of C$9.51. The firm’s fifty day moving average is C$8.10 and its two-hundred day moving average is C$7.69. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. The firm has a market cap of C$1.94 billion, a PE ratio of -17.31, a P/E/G ratio of 1.26 and a beta of 1.21.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The business had revenue of C$462.92 million for the quarter. Analysts expect that Centerra Gold will post 0.7116358 earnings per share for the current year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.11%. Centerra Gold’s dividend payout ratio is -53.85%.

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred 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. 0.23% of the stock is currently owned by corporate insiders.

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.