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

Centerra Gold Inc. (TSE:CG) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$11.28.

Several equities analysts recently commented on CG shares. Royal Bank of Canada decreased their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. CIBC lowered their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Raymond James cut their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Finally, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st.

Centerra Gold Price Performance

Shares of CG opened at C$8.63 on Wednesday. The stock has a market capitalization of C$1.84 billion, a PE ratio of 10.27, a PEG ratio of 1.26 and a beta of 1.23. The company has a 50 day moving average price of C$8.36 and a 200-day moving average price of C$9.07. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, October 31st. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.03). Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. During the same quarter in the prior year, the company earned $0.27 earnings per share.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were given a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.24%. Centerra Gold’s dividend payout ratio 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.