Centerra Gold (TSE:CG) Given New C$9.80 Price Target at CIBC

Centerra Gold (TSE:CG) had its price target reduced by CIBC from C$12.50 to C$9.80 in a research note published on Monday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on CG. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.37.

Centerra Gold Trading Down 1.3 %

TSE:CG opened at C$8.34 on Monday. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The firm’s fifty day moving average is C$9.28 and its 200-day moving average is C$9.33. The firm has a market cap of C$1.77 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insider Activity at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred 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. Also, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold 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 transaction of C$716,332.57. 0.21% of the stock is owned by company insiders.

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.