CIBC Cuts Centerra Gold (TSE:CG) Price Target to C$12.50

Centerra Gold (TSE:CG) had its price target trimmed by CIBC from C$13.00 to C$12.50 in a report issued on Tuesday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on CG. Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Canaccord Genuity Group boosted their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Raymond James reduced their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. Finally, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of C$11.71.

Centerra Gold Stock Up 3.9 %

Shares of CG opened at C$8.99 on Tuesday. The firm has a 50 day simple moving average of C$9.58 and a two-hundred day simple moving average of C$9.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.59. The company has a market cap of C$1.91 billion, a P/E ratio of 10.70, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is owned by company 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.