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

Centerra Gold Inc. (TSE:CG - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$11.07.

Several research analysts have commented on CG shares. Cormark raised their price objective on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. CIBC increased their target price on Centerra Gold from C$9.50 to C$11.00 in a research report on Monday, April 15th. Bank of America increased their target price on Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Canaccord Genuity Group increased their target price on Centerra Gold from C$10.75 to C$11.00 in a research report on Tuesday, April 23rd. Finally, National Bank Financial reaffirmed an "outperform overweight" rating on shares of Centerra Gold in a research report on Monday, April 8th.

Insiders Place Their Bets

In other Centerra Gold news, Director Craig Stephen Macdougall purchased 10,500 shares of Centerra Gold stock in a transaction on Thursday, May 30th. The shares were bought at an average price of C$9.56 per share, with a total value of C$100,330.65. Insiders have acquired a total of 11,012 shares of company stock valued at $105,101 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Centerra Gold Trading Down 2.6 %

CG stock traded down C$0.25 during midday trading on Friday, reaching C$9.20. 702,945 shares of the company traded hands, compared to its average volume of 642,905. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.22. The business has a 50 day moving average of C$9.20 and a 200-day moving average of C$8.14. The firm has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.26 and a beta of 1.19.

Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Centerra Gold had a return on equity of 3.40% and a net margin of 4.99%. The business had revenue of C$412.37 million during the quarter. As a group, sell-side analysts expect that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, June 12th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Wednesday, May 29th. Centerra Gold's dividend payout ratio (DPR) is presently 77.78%.

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.