Centerra Gold Inc. (TSE:CG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$11.71.

A number of equities analysts recently weighed in on the company. CIBC reduced their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday, November 5th. Raymond James decreased their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Finally, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.

Centerra Gold Stock Down 4.6 %

Shares of CG opened at C$8.32 on Tuesday. Centerra Gold has a 52 week low of C$6.07 and a 52 week 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 company has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 1.26 and a beta of 1.23. The stock’s 50-day moving average price is C$9.38 and its 200-day moving average price is C$9.34.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.37%. Centerra Gold’s dividend payout ratio (DPR) is 33.33%.

Insider Activity

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 value of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Insiders own 0.21% of the company’s stock.

About Centerra Gold

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.