Centerra Gold Inc. (TSE:CG) Receives C$11.83 Consensus Price Target from Brokerages

Centerra Gold Inc. (TSE:CG) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$11.83.

Several analysts recently issued reports on CG shares. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Raymond James dropped their target price on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Finally, Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd.

Centerra Gold Stock Up 0.5 %

Shares of TSE:CG opened at C$9.79 on Monday. 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 firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.26 and a beta of 1.23. The stock’s 50-day moving average price is C$9.47 and its two-hundred day moving average price is C$9.14. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.54.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.09. The company had revenue of C$386.27 million during the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s payout ratio is 34.15%.

Insider Activity

In other 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 value of C$716,332.57. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the business’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. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Corporate insiders own 0.17% 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.