Centerra Gold Inc. (TSE:CG) Receives Average Rating of “Moderate Buy” from Brokerages

Centerra Gold Inc. (TSE:CG) has received an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$11.46.

A number of research firms have recently commented on CG. Raymond James lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, April 23rd. Cormark boosted their target price on shares of Centerra Gold from C$13.00 to C$13.90 in a research report on Wednesday, May 15th. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Bank of America boosted their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Finally, Canaccord Genuity Group boosted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd.

Insiders Place Their Bets

In related news, Director Craig Stephen Macdougall acquired 10,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of C$9.56 per share, with a total value of C$100,330.65. Insiders bought a total of 11,012 shares of company stock valued at $105,101 in the last quarter. 0.23% of the stock is currently owned by insiders.

Centerra Gold Stock Performance

Shares of CG opened at C$9.09 on Wednesday. The firm’s 50 day moving average is C$9.39 and its 200-day moving average is C$8.34. The stock has a market capitalization of C$1.95 billion, a P/E ratio of 25.25, a P/E/G 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. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.25.

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

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, May 29th. Centerra Gold’s dividend payout ratio (DPR) is currently 77.78%.

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.