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

Shares of Centerra Gold Inc. (TSE:CG) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$11.71.

A number of research firms have recently commented on CG. Raymond James lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. CIBC lowered their price objective on Centerra Gold from C$13.00 to C$12.50 in a research note on Tuesday, November 5th. Finally, Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Stock Performance

TSE CG opened at C$8.45 on Tuesday. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59. The business has a 50-day moving average price of C$9.30 and a 200-day moving average price of C$9.33. The firm has a market cap of C$1.80 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In related 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. Also, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. Company 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.