Centerra Gold Inc. (TSE:CG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Centerra Gold Inc. (TSE:CG) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$11.37.

Several equities analysts have commented on CG shares. CIBC decreased their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Raymond James dropped their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th.

Insider Buying and Selling

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction 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. Also, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. 0.21% of the stock is currently owned by corporate insiders.

Centerra Gold Stock Performance

Shares of CG stock opened at C$8.34 on Tuesday. The company has a fifty day moving average price of C$9.28 and a two-hundred day moving average price of C$9.33. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.59. The stock has a market cap of C$1.77 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.36%. Centerra Gold’s dividend payout ratio (DPR) is presently 33.33%.

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.