Centerra Gold Inc. (TSE:CG) Receives C$11.37 Consensus Price Target from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$11.37.

Several analysts recently issued reports on the company. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Raymond James dropped their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, CIBC decreased their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd.

Centerra Gold Stock Down 0.1 %

CG opened at C$8.17 on Friday. The stock’s fifty day simple moving average is C$8.88 and its 200 day simple moving average is C$9.22. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59. The stock has a market cap of C$1.74 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.43%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. 0.21% of the stock is currently owned by insiders.

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.