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

Centerra Gold Inc. (TSE:CG) has received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$11.58.

A number of analysts have recently weighed in on the stock. Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. TD Securities reduced their price objective on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Royal Bank of Canada decreased their price objective on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. National Bankshares lifted their target price on Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Wednesday, March 19th. Finally, National Bank Financial upgraded Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st.

Insider Activity

In other news, Director Paul Nicholas Wright bought 35,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of C$8.11 per share, with a total value of C$283,752.00. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64. Insiders own 0.21% of the company’s stock.

Centerra Gold Trading Down 1.0 %

Shares of CG stock opened at C$9.09 on Monday. The stock’s 50-day moving average price is C$8.84 and its 200-day moving average price is C$8.89. Centerra Gold has a 12-month low of C$7.90 and a 12-month high of C$10.59. The stock has a market capitalization of C$1.37 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a $0.07 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. Centerra Gold’s payout ratio is 40.58%.

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.