Centerra Gold Inc. (TSE:CG) Given Consensus Recommendation of “Buy” by Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is C$11.07.

CG has been the subject of several research reports. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. Bank of America raised their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. Cormark raised their price target on shares of Centerra Gold from C$13.00 to C$13.90 in a research note on Wednesday, May 15th. National Bankshares raised their price target on shares of Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, June 10th. Finally, Raymond James raised their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$9.20 on Friday. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.22 and a quick ratio of 3.24. The firm has a 50 day simple moving average of C$9.25 and a 200 day simple moving average of C$8.17. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.25.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. Research analysts predict that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is presently 77.78%.

Insider Transactions at Centerra Gold

In other news, Director Craig Stephen Macdougall acquired 10,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. Insiders bought a total of 11,012 shares of company stock worth $105,101 over the last three months. 0.23% of the stock is owned by company insiders.

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.