Centerra Gold (TSE:CG) Price Target Increased to C$12.00 by Analysts at National Bankshares

Centerra Gold (TSE:CG) had its target price increased by National Bankshares from C$11.25 to C$12.00 in a report released on Monday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. CIBC lifted their price target on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Cormark boosted their price target on Centerra Gold from C$13.00 to C$13.90 in a report on Wednesday, May 15th. Raymond James raised their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd. BMO Capital Markets set a C$10.00 target price on shares of Centerra Gold and gave the company an outperform rating in a research note on Wednesday, February 21st. Finally, Bank of America increased their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Centerra Gold currently has a consensus rating of Buy and an average price target of C$11.07.

Centerra Gold Stock Performance

Shares of CG opened at C$9.39 on Monday. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.25. The company has a quick ratio of 3.24, a current ratio of 3.22 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.26 and a beta of 1.19. The business’s 50 day moving average is C$8.90 and its two-hundred day moving average is C$7.99.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$412.37 million during the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. Analysts forecast that Centerra Gold will post 0.887963 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th will be given a $0.07 dividend. The ex-dividend date is Wednesday, May 29th. This represents a $0.28 annualized dividend and a yield of 2.98%. Centerra Gold’s dividend payout ratio is presently 77.78%.

Insider Transactions at Centerra Gold

In related news, Director Craig Stephen Macdougall acquired 10,500 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. Insiders own 0.23% 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.