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

Shares of Centerra Gold Inc. (TSE:CG) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$12.11.

CG has been the topic of a number of research reports. CIBC boosted their target price on shares of Centerra Gold from C$9.80 to C$10.30 and gave the company a “neutral” rating in a report on Thursday, March 20th. National Bank Financial raised Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Raymond James upped their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. TD Securities dropped their price target on shares of 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, National Bankshares lifted 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.

Centerra Gold Stock Up 0.5%

CG opened at C$9.87 on Friday. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$10.59. The company has a market cap of C$1.48 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. 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 company has a 50 day moving average of C$9.47 and a 200 day moving average of C$8.91.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.84%. Centerra Gold’s dividend payout ratio is currently 40.58%.

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.