Centerra Gold (TSE:CG) Price Target Raised to C$11.00

Centerra Gold (TSE:CG) had its price target lifted by Canaccord Genuity Group from C$10.75 to C$11.00 in a research note published on Tuesday, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Raymond James increased their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday. CIBC raised their price target on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Bank of America raised their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Desjardins cut their price target on shares of Centerra Gold from C$12.00 to C$11.75 and set a buy rating on the stock in a report on Tuesday, January 9th. Finally, National Bank Financial restated an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of C$10.57.

Centerra Gold Price Performance

Shares of TSE CG opened at C$8.68 on Tuesday. The stock has a market cap of C$1.87 billion, a price-to-earnings ratio of -16.69, a PEG ratio of 1.26 and a beta of 1.16. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is C$7.79 and its 200 day moving average price is C$7.56. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$9.67.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The firm had revenue of C$462.92 million during the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. As a group, research analysts forecast that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.23%. Centerra Gold’s dividend payout ratio is currently -53.85%.

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of C$6.96, for a total transaction of C$766,955.67. Insiders own 0.38% 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.