Centerra Gold Inc. (TSE:CG) Given Average Rating of "Moderate Buy" by Brokerages

Centerra Gold Inc. (TSE:CG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$11.58.

A number of analysts have issued reports on CG shares. National Bankshares boosted their target price on Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a research report on Wednesday, March 19th. TD Securities cut their price objective on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Royal Bank of Canada lowered their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. CIBC lifted their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st.

Centerra Gold Trading Down 2.6 %

Shares of Centerra Gold stock traded down C$0.23 on Monday, reaching C$8.76. The company had a trading volume of 639,809 shares, compared to its average volume of 764,738. The firm's 50 day moving average price is C$8.87 and its two-hundred day moving average price is C$8.89. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold has a 52-week low of C$7.90 and a 52-week high of C$10.59. The firm has a market cap of C$1.32 billion, a PE ratio of 12.69, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 3.20%. Centerra Gold's dividend payout ratio is currently 40.58%.

Insider Buying and Selling

In other news, Senior Officer Claudia D'orazio sold 3,831 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$31,720.68. Also, Director Paul Nicholas Wright purchased 35,000 shares of Centerra Gold stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is owned by company insiders.

About Centerra Gold

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.