Centerra Gold (TSE:CG) Stock Price Expected to Rise, National Bankshares Analyst Says

Centerra Gold (TSE:CG) had its price objective upped by National Bankshares from C$12.00 to C$12.50 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other research analysts have also issued reports on CG. Royal Bank of Canada dropped their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. TD Securities dropped their price objective on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, March 7th. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, CIBC dropped their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$11.58.

Centerra Gold Stock Down 2.3 %

TSE CG opened at C$8.74 on Wednesday. Centerra Gold has a twelve month low of C$7.68 and a twelve month high of C$10.59. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock has a market cap of C$1.31 billion, a PE ratio of 12.67, a PEG ratio of 1.26 and a beta of 1.23. The firm has a 50-day simple moving average of C$8.78 and a 200 day simple moving average of C$8.92.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.20%. Centerra Gold’s dividend payout ratio is 40.58%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Director Paul Nicholas Wright purchased 35,000 shares of the stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, for a total transaction of C$283,752.00. 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.