Centerra Gold Inc. (TSE:CG) Receives C$11.83 Average Target Price from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$11.83.

Several equities research analysts have commented on CG shares. Raymond James raised their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. National Bankshares raised their target price 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. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. TD Securities decreased their price target on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and cut their price objective for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th.

Centerra Gold Stock Down 1.5%

CG stock opened at C$9.41 on Tuesday. The stock has a market cap of C$1.41 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm’s 50-day simple moving average is C$9.11 and its 200 day simple moving average is C$8.76. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Thursday, May 22nd. Centerra Gold’s dividend payout ratio is presently 40.58%.

Insider Activity

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

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.