Analysts Set Centerra Gold Inc. (TSE:CG) Target Price at C$11.83

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$11.83.

CG has been the topic of a number of analyst reports. CIBC lowered shares of Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Raymond James lowered their target price on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th.

Centerra Gold Trading Up 0.5 %

Centerra Gold stock opened at C$9.79 on Monday. The stock has a market cap of C$2.08 billion, a PE ratio of 11.65, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of C$9.48 and a 200 day moving average price of C$9.17. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.54.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The business had revenue of C$386.27 million for the quarter. Equities research analysts predict that Centerra Gold will post 0.8633157 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s dividend payout ratio is presently 33.33%.

Insider Buying and Selling at Centerra Gold

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is currently owned by insiders.

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.