Centerra Gold Inc. (TSE:CG) Receives C$11.77 Average PT from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$11.77.

CG has been the topic of several recent research reports. Cibc World Mkts lowered Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. CIBC cut shares of Centerra Gold from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Cormark increased their price objective on Centerra Gold from C$13.00 to C$13.90 in a research report on Wednesday, May 15th. National Bankshares increased their price target on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall purchased 10,500 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Insiders have acquired 11,012 shares of company stock valued at $105,101 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Centerra Gold Trading Down 2.5 %

Shares of TSE:CG opened at C$9.91 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.25. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.26 and a beta of 1.22. The company has a 50 day moving average price of C$9.33 and a 200 day moving average price of C$8.60.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, August 15th. Centerra Gold’s payout ratio is 33.33%.

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.