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

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$11.28.

CG has been the subject of a number of research analyst reports. Raymond James cut their target price on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Royal Bank of Canada cut their price objective on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Finally, CIBC cut their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd.

Centerra Gold Trading Up 4.0 %

Shares of TSE:CG opened at C$8.61 on Wednesday. The company has a 50 day moving average of C$8.39 and a 200-day moving average of C$9.10. 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 firm has a market cap of C$1.83 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 33.33%.

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.