Centerra Gold (TSE:CG) Price Target Raised to C$12.50

Centerra Gold (TSE:CG) had its price target increased by National Bankshares from C$12.00 to C$12.50 in a research report report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other brokerages also recently commented on CG. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and decreased their target price for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Royal Bank of Canada decreased their target price on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Cormark downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. TD Securities decreased their target price on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, CIBC decreased their target price on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$11.58.

Centerra Gold Stock Down 2.3 %

TSE:CG opened at C$8.74 on Wednesday. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a one year low of C$7.68 and a one year high of C$10.59. The stock has a 50-day simple moving average of C$8.78 and a 200 day simple moving average of C$8.92. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 3.20%. Centerra Gold’s dividend payout ratio (DPR) is 40.58%.

Insiders Place Their Bets

In other news, Senior Officer Claudia D’orazio sold 3,831 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$70,901.64. Corporate insiders own 0.21% 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.