Centerra Gold Inc. (TSE:CG) Receives Average Rating of “Moderate Buy” from Brokerages

Centerra Gold Inc. (TSE:CG) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$11.83.

Several analysts have weighed in on CG shares. TD Securities cut their price objective on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. CIBC raised their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Raymond James upped their price target on Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. National Bankshares raised their price objective on Centerra Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday, March 19th. Finally, National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st.

Centerra Gold Stock Performance

Centerra Gold stock opened at C$9.06 on Tuesday. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm has a market cap of C$1.36 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$10.59. The firm has a 50-day moving average of C$9.05 and a 200-day moving average of C$8.75.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, June 5th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, May 22nd. Centerra Gold’s payout ratio is 40.58%.

Insiders Place Their Bets

In other news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Senior Officer Claudia D’orazio sold 3,831 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$31,720.68. Insiders own 0.21% 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.