Centerra Gold (TSE:CG) Price Target Raised to C$10.30

Centerra Gold (TSE:CG) had its price objective lifted by CIBC from C$9.80 to C$10.30 in a report released on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on CG. TD Securities lowered their price objective on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. National Bankshares boosted 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. Royal Bank of Canada lowered their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and lowered their price target for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$11.58.

Centerra Gold Stock Performance

Shares of CG stock opened at C$8.74 on Thursday. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold has a 52 week low of C$7.68 and a 52 week high of C$10.59. The firm’s 50-day simple moving average is C$8.78 and its two-hundred day simple moving average is C$8.92.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 40.58%.

Insider Buying and Selling

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 3,831 shares of the business’s stock in a transaction that occurred 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 the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. 0.21% of the stock is currently owned by insiders.

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.