Raymond James Has Lowered Expectations for Centerra Gold (TSE:CG) Stock Price

Centerra Gold (TSE:CG) had its price target reduced by Raymond James from C$13.00 to C$12.50 in a report published on Monday, BayStreet.CA reports.

Several other equities analysts have also recently weighed in on CG. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Finally, Canaccord Genuity Group lifted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating and four have issued 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$11.77.

Centerra Gold Trading Down 2.7 %

Shares of Centerra Gold stock opened at C$8.85 on Monday. 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. The business has a 50-day moving average price of C$9.66 and a 200-day moving average price of C$9.33. The firm has a market cap of C$1.88 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. 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.