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

Centerra Gold Inc. (TSE:CG) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$11.37.

Several equities analysts have recently commented on the stock. Raymond James lowered their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, CIBC cut their price objective on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd.

Insider Activity

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. Corporate insiders own 0.21% of the company’s stock.

Centerra Gold Stock Performance

TSE CG opened at C$8.09 on Friday. The business has a 50-day moving average price of C$8.86 and a 200-day moving average price of C$9.21. The firm has a market cap of C$1.72 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.46%. 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.