Centerra Gold Inc. (TSE:CG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$11.47.
A number of brokerages recently weighed in on CG. CIBC decreased their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Desjardins lowered shares of Centerra Gold from a "buy" rating to a "hold" rating and decreased their price target for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Cormark lowered shares of Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, TD Securities decreased their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday.
Get Our Latest Stock Report on Centerra Gold
Centerra Gold Price Performance
Centerra Gold stock traded down C$0.16 during midday trading on Thursday, reaching C$8.29. The company had a trading volume of 775,104 shares, compared to its average volume of 722,314. The company has a market capitalization of C$1.25 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a 12-month low of C$7.42 and a 12-month high of C$10.59. The firm's fifty day simple moving average is C$8.75 and its 200-day simple moving average is C$9.01. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.
Centerra Gold Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.38%. Centerra Gold's dividend payout ratio is currently 40.58%.
Insider Transactions at Centerra Gold
In other news, Director Paul Nicholas Wright purchased 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, for a total transaction of C$283,752.00. Insiders own 0.21% of the company's stock.
About Centerra Gold
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Get Free ReportCenterra 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.
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