Brokerages Set Centerra Gold Inc. (TSE:CG) Target Price at C$11.58

Centerra Gold Inc. (TSE:CG) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$11.69.

Several equities research analysts have recently weighed in on the stock. National Bank Financial raised shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James upped their target price on Centerra Gold from C$12.00 to C$13.50 in a report on Friday. National Bankshares lifted their price target on Centerra Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Wednesday, March 19th. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Finally, Desjardins lowered Centerra Gold from a “buy” rating to a “hold” rating and cut their target price for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th.

Insider Buying and Selling

In other news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. 0.21% of the stock is owned by company insiders.

Centerra Gold Stock Down 8.9 %

TSE:CG opened at C$7.98 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a 1-year low of C$7.90 and a 1-year high of C$10.59. The company has a 50-day moving average of C$8.86 and a 200 day moving average of C$8.89. The firm has a market cap of C$1.20 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s payout ratio is currently 40.58%.

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.