Centerra Gold (TSE:CG - Free Report) had its target price cut by Royal Bank of Canada from C$12.00 to C$11.00 in a research report released on Tuesday morning,BayStreet.CA reports.
CG has been the subject of several other research reports. Raymond James reduced their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Desjardins raised shares of Centerra Gold to a "moderate buy" rating in a research report on Thursday, October 31st. Finally, CIBC lowered their price objective on shares of Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$11.33.
Read Our Latest Analysis on CG
Centerra Gold Stock Performance
Shares of CG traded up C$0.13 during trading hours on Tuesday, reaching C$8.33. 467,385 shares of the company traded hands, compared to its average volume of 418,373. The stock has a market capitalization of C$1.77 billion, a P/E ratio of 9.92, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59. The business has a fifty day moving average price of C$8.52 and a 200-day moving average price of C$9.14.
Centerra Gold Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a $0.07 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.36%. Centerra Gold's dividend payout ratio is presently 33.33%.
Centerra Gold Company Profile
(
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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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