Royal Bank of Canada Lowers Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its price objective decreased by Royal Bank of Canada from C$12.00 to C$11.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on CG. CIBC cut their price target on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Raymond James decreased their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.28.

Centerra Gold Price Performance

Shares of CG opened at C$8.47 on Tuesday. The firm has a market capitalization of C$1.80 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The company’s fifty day moving average price is C$8.45 and its 200-day moving average price is C$9.12. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is presently 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.