Centerra Gold Inc. (TSE:CG - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as C$7.72 and last traded at C$7.96, with a volume of 552694 shares traded. The stock had previously closed at C$7.98.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Raymond James upped their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. TD Securities reduced their target price on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating for the company in a report on Friday, March 7th. National Bankshares lifted their price target on Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Wednesday, March 19th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, CIBC raised their price objective on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$12.09.
Get Our Latest Report on Centerra Gold
Centerra Gold Stock Up 5.1 %
The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The business has a 50 day simple moving average of C$8.77 and a 200 day simple moving average of C$8.85. The stock has a market cap 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%. Centerra Gold's dividend payout ratio is currently 40.58%.
Insider Activity at Centerra Gold
In related news, Director Paul Nicholas Wright purchased 35,000 shares of Centerra Gold stock in a transaction on Friday, February 28th. The stock was bought at an average price of C$8.11 per share, with a total value of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. Insiders own 0.21% of the company's stock.
About Centerra Gold
(
Get Free Report)
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.
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