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

Centerra Gold Inc. (TSE:CG) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$11.37.

CG has been the topic of several recent research reports. CIBC decreased their price target on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Raymond James reduced their target price on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th.

Insider Buying and Selling

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was 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 the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. 0.21% of the stock is currently owned by company insiders.

Centerra Gold Trading Up 0.2 %

Shares of CG stock opened at C$8.18 on Friday. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59. The stock’s 50-day moving average price is C$8.91 and its 200-day moving average price is C$9.24.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.42%. Centerra Gold’s dividend payout ratio is currently 33.33%.

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.