Centerra Gold Inc. (TSE:CG) Receives Average Rating of "Moderate Buy" from Analysts

Centerra Gold Inc. (TSE:CG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$12.09.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. TD Securities cut their target price on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Friday, March 7th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Finally, Desjardins cut shares of Centerra Gold from a "buy" rating to a "hold" rating and reduced their price target for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th.

Centerra Gold Stock Performance

Shares of CG stock traded down C$0.05 on Friday, hitting C$9.19. 200,519 shares of the stock were exchanged, compared to its average volume of 741,448. The firm has a market capitalization of C$1.38 billion, a PE ratio of 13.32, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a one year low of C$7.72 and a one year high of C$10.59. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm's 50 day moving average is C$8.78 and its two-hundred day moving average is C$8.82.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold's dividend payout ratio is presently 40.58%.

Insider Transactions at Centerra Gold

In other news, Senior Officer Claudia D'orazio sold 3,831 shares of Centerra Gold stock in a transaction 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 acquired 35,000 shares of Centerra Gold stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of C$8.11 per share, with a total value of C$283,752.00. Corporate 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.