Centerra Gold Inc. (TSE:CG) Receives C$12.09 Average Target Price from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$12.09.

Several research analysts have recently weighed in on the stock. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their price target for the company from C$12.75 to C$11.00 in a report on Thursday, February 13th. CIBC increased their target price on Centerra Gold from C$9.80 to C$10.30 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Raymond James boosted their price target on Centerra Gold from C$12.00 to C$13.50 in a report on Friday, April 4th. National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. 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 Price Performance

Shares of CG opened at C$9.14 on Friday. The stock has a 50 day simple moving average of C$8.77 and a 200 day simple moving average of C$8.82. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$10.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm has a market capitalization of C$1.37 billion, a PE ratio of 13.24, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.06%. Centerra Gold’s dividend payout ratio is 40.58%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Paul Nicholas Wright acquired 35,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of C$8.11 per share, with a total value of C$283,752.00. Also, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. 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.