Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$11.71.
CG has been the topic of several recent research reports. Desjardins upgraded Centerra Gold to a "moderate buy" rating in a research report on Thursday, October 31st. Raymond James dropped their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, CIBC cut their price target on Centerra Gold from C$13.00 to C$12.50 in a research note on Tuesday, November 5th.
Check Out Our Latest Stock Analysis on CG
Insider Activity
In related news, Senior Officer Claudia D'orazio sold 29,388 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. Corporate insiders own 0.21% of the company's stock.
Centerra Gold Stock Performance
TSE CG traded down C$0.02 during trading hours on Tuesday, hitting C$8.30. The company had a trading volume of 415,215 shares, compared to its average volume of 750,648. The business has a 50 day moving average of C$9.37 and a 200-day moving average of C$9.34. 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 1-year low of C$6.07 and a 1-year high of C$10.59. The company has a market cap of C$1.77 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.
Centerra Gold Announces Dividend
The company also recently declared 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 3.37%. The ex-dividend date is Wednesday, November 13th. Centerra Gold's dividend payout ratio (DPR) is presently 33.33%.
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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