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

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$11.77.

Several brokerages recently issued reports on CG. National Bankshares boosted their price target on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Cormark raised their target price on shares of Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Finally, Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th.

Centerra Gold Price Performance

Shares of CG opened at C$9.00 on Thursday. The company’s 50-day moving average is C$9.33 and its 200-day moving average is C$8.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The firm has a market capitalization of C$1.91 billion, a PE ratio of 10.98, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.25.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.09. The company had revenue of C$386.27 million for the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. Equities analysts forecast that Centerra Gold will post 0.844358 EPS for the current year.

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Centerra Gold’s payout ratio is 34.15%.

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.