Centerra Gold Inc. (TSE:CG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$11.69.

Several research analysts have recently weighed in on the company. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$12.75 to C$11.00 in a research note on Thursday, February 13th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. CIBC lifted their target price on shares of Centerra Gold from C$9.80 to C$10.30 and gave the company a “neutral” rating in a research report on Thursday, March 20th. TD Securities reduced their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Raymond James lifted their price objective on Centerra Gold from C$12.00 to C$13.50 in a report on Friday.

Centerra Gold Stock Performance

TSE CG opened at C$7.98 on Monday. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.26 and a beta of 1.23. The stock has a 50-day moving average of C$8.86 and a 200 day moving average of C$8.89. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. Centerra Gold has a twelve month low of C$7.90 and a twelve month high of C$10.59.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is 40.58%.

Insider Activity

In other news, Director Paul Nicholas Wright bought 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. Company 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.