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

Centerra Gold Inc. (TSE:CG) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$11.71.

A number of equities analysts recently weighed in on the stock. CIBC cut their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday. Raymond James reduced their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, Canaccord Genuity Group increased their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd.

Centerra Gold Stock Down 0.6 %

CG stock opened at C$8.80 on Friday. The stock has a market cap of C$1.87 billion, a P/E ratio of 10.48, a P/E/G 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. The stock’s fifty day simple moving average is C$9.63 and its two-hundred day simple moving average is C$9.33. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.18%. The ex-dividend date is Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. 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 company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Insiders own 0.21% of the company’s stock.

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.