Centerra Gold Inc. (TSE:CG) Given Consensus Rating of “Hold” by Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$11.40.

Several brokerages have weighed in on CG. CIBC lowered their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Finally, Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th.

Insider Transactions at Centerra Gold

In related news, Director Paul Nicholas Wright purchased 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$283,752.00. Insiders own 0.21% of the company’s stock.

Centerra Gold Stock Performance

Centerra Gold stock opened at C$8.49 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The company has a market capitalization of C$1.28 billion, a PE ratio of 12.30, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a 50 day moving average price of C$8.74 and a 200-day moving average price of C$9.02. Centerra Gold has a fifty-two week low of C$7.30 and a fifty-two week high of C$10.59.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio is currently 40.58%.

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.