TD Securities Lowers Centerra Gold (TSE:CG) Price Target to C$12.00

Centerra Gold (TSE:CG) had its price objective trimmed by TD Securities from C$13.00 to C$12.00 in a research note released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the stock. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. CIBC dropped their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Finally, Royal Bank of Canada dropped their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.47.

Centerra Gold Trading Down 1.9 %

TSE CG opened at C$8.29 on Friday. Centerra Gold has a 1-year low of C$7.42 and a 1-year high of C$10.59. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market capitalization of C$1.25 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm’s fifty day simple moving average is C$8.75 and its 200-day simple moving average is C$9.01.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold’s payout ratio is 40.58%.

Insider Buying and Selling at Centerra Gold

In other news, Director Paul Nicholas Wright purchased 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Corporate insiders own 0.21% of the company’s stock.

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.