Centerra Gold Inc. (CG) Given New C$8.00 Price Target at Scotiabank

Centerra Gold Inc. (TSE:CG) had its price objective decreased by equities research analysts at Scotiabank from C$9.00 to C$8.00 in a research note issued on Friday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 15.11% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. CIBC reiterated a “sector perform” rating and issued a C$8.20 price objective on shares of Centerra Gold in a report on Friday. Canaccord Genuity increased their price objective on Centerra Gold from C$9.00 to C$10.00 in a report on Tuesday, May 3rd. RBC Capital reiterated a “sector perform” rating on shares of Centerra Gold in a report on Wednesday, May 4th. Finally, BMO Capital Markets increased their price objective on Centerra Gold from C$8.25 to C$10.00 and gave the stock an “outperform” rating in a report on Monday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$8.47.

In other news, Director Gordon Dunlop Reid bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was purchased at an average price of C$5.80 per share, with a total value of C$29,000.00.

Shares of Centerra Gold (TSE:CG) traded down 1.58% during mid-day trading on Friday, reaching $6.84. The company’s stock had a trading volume of 285,807 shares. The company has a 50-day moving average of $7.06 and a 200-day moving average of $6.94. The firm has a market cap of $1.66 billion and a PE ratio of 85.50. Centerra Gold has a 12 month low of $5.51 and a 12 month high of $8.67.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, June 2nd will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, May 17th.

Centerra Gold Inc is a Canada-based gold mining and exploration company. The Company is engaged in the production of gold and related activities including exploration, development, mining and processing in the Kyrgyz Republic, Mongolia, Turkey and Canada. The Company’s operations are segmented on a regional basis.