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

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$11.37.

A number of research analysts recently weighed in on CG shares. CIBC dropped their price target on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Raymond James lowered their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Finally, Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Price Performance

Shares of TSE CG opened at C$8.17 on Friday. The firm has a market capitalization of C$1.74 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.26 and a beta of 1.23. The firm’s 50-day moving average price is C$8.88 and its 200-day moving average price is C$9.22. 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 has a 1-year low of C$6.07 and a 1-year high of C$10.59.

Centerra Gold Announces Dividend

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

Insiders Place Their Bets

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the 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 transaction of C$299,757.60. 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.