Centerra Gold Inc. (TSE:CG) Receives C$11.28 Average Price Target from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$11.28.

CG has been the subject of several recent research reports. Royal Bank of Canada reduced their price objective on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Raymond James decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. CIBC dropped their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st.

Centerra Gold Stock Performance

CG opened at C$8.63 on Wednesday. The company has a market cap of C$1.84 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.26 and a beta of 1.23. The firm’s fifty day simple moving average is C$8.36 and its two-hundred day simple moving average is C$9.07. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.59.

Centerra Gold (TSE:CG) last posted its quarterly earnings data on Thursday, October 31st. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.03). Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. During the same period last year, the firm earned $0.27 earnings per share.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were paid a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.24%. Centerra Gold’s dividend payout ratio (DPR) is 33.33%.

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.