Centerra Gold Inc. (TSE:CG) Receives C$10.96 Average Price Target from Analysts

Centerra Gold Inc. (TSE:CGGet Free Report) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$11.07.

A number of analysts have recently issued reports on the company. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Centerra Gold in a research note on Monday, April 8th. National Bankshares boosted their price target on shares of Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday. Canaccord Genuity Group increased their price objective on shares of Centerra Gold from C$10.75 to C$11.00 in a report on Tuesday, April 23rd. Bank of America upped their price target on Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Finally, Raymond James raised their target price on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, April 23rd.

Check Out Our Latest Analysis on CG

Insider Buying and Selling at Centerra Gold

In other news, Director Craig Stephen Macdougall purchased 10,500 shares of the stock in a transaction dated Thursday, May 30th. The stock was acquired at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. Company insiders own 0.23% of the company’s stock.

Centerra Gold Stock Up 2.3 %

Shares of CG opened at C$9.39 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$2.01 billion, a P/E ratio of 26.08, a PEG ratio of 1.26 and a beta of 1.19. The stock’s 50 day moving average is C$8.90 and its two-hundred day moving average is C$7.99. Centerra Gold has a 12 month low of C$6.07 and a 12 month high of C$10.25.

Centerra Gold (TSE:CGGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). Centerra Gold had a return on equity of 3.40% and a net margin of 4.99%. The company had revenue of C$412.37 million for the quarter. Analysts predict that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $0.28 annualized dividend and a yield of 2.98%. Centerra Gold’s dividend payout ratio (DPR) is currently 77.78%.

Centerra Gold Company Profile

(Get Free Report

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.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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