Centerra Gold (TSE:CG) Price Target Raised to C$12.00

Centerra Gold (TSE:CGFree Report) had its target price lifted by National Bankshares from C$11.25 to C$12.00 in a research report released on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

CG has been the topic of a number of other research reports. CIBC increased their price target on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Canaccord Genuity Group increased their target price on Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday, April 23rd. Raymond James lifted their price target on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, April 23rd. Cormark increased their price objective on shares of Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Finally, National Bank Financial restated an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of Buy and an average target price of C$11.07.

Read Our Latest Stock Report on CG

Centerra Gold Stock Performance

TSE CG opened at C$9.22 on Monday. The company has a quick ratio of 3.24, a current ratio of 3.22 and a debt-to-equity ratio of 1.29. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.25. The business has a fifty day moving average of C$8.97 and a 200-day moving average of C$8.02. The stock has a market cap of C$1.98 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19.

Centerra Gold (TSE:CGGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The company had revenue of C$412.37 million for the quarter. Centerra Gold had a return on equity of 3.40% and a net margin of 4.99%. As a group, analysts predict that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.28 annualized dividend and a yield of 3.04%. Centerra Gold’s payout ratio is 77.78%.

Insiders Place Their Bets

In related news, Director Craig Stephen Macdougall acquired 10,500 shares of Centerra Gold stock in a transaction on Thursday, May 30th. The shares were bought at an average price of C$9.56 per share, for a total transaction of C$100,330.65. 0.23% of the stock is owned by insiders.

About Centerra Gold

(Get Free Report)

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.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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