Centerra Gold (TSE:CG) Given New C$10.30 Price Target at CIBC

Centerra Gold (TSE:CG) had its price target raised by CIBC from C$9.80 to C$10.30 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other analysts have also commented on the stock. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and decreased their price target for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. TD Securities decreased their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares increased their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada decreased their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.58.

Centerra Gold Stock Up 0.2 %

Shares of Centerra Gold stock opened at C$8.95 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a 1 year low of C$7.68 and a 1 year high of C$10.59. The firm’s 50-day moving average is C$8.78 and its two-hundred day moving average is C$8.92. The stock has a market cap of C$1.34 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.13%. Centerra Gold’s payout ratio is 40.58%.

Insider Transactions at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$70,901.64. Corporate 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.