Centerra Gold Inc. (TSE:CG) Receives C$11.83 Consensus PT from Analysts

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$11.83.

A number of equities analysts have issued reports on CG shares. Canaccord Genuity Group increased their price target on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. CIBC downgraded Centerra Gold from an "outperform" rating to a "neutral" rating and upped their price objective for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Cibc World Mkts cut Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Finally, Raymond James cut their price objective on Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th.

Centerra Gold Trading Down 7.5 %

Centerra Gold stock traded down C$0.74 during mid-day trading on Friday, hitting C$9.10. 2,174,559 shares of the stock were exchanged, compared to its average volume of 737,352. The firm's fifty day simple moving average is C$9.69 and its two-hundred day simple moving average is C$9.32. Centerra Gold has a 12 month low of C$6.07 and a 12 month high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold (TSE:CG - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, beating analysts' consensus estimates of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The company had revenue of C$386.27 million during the quarter.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold's payout ratio is presently 33.33%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. In related news, Senior Officer Claudia D'orazio sold 29,388 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. 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.