Centerra Gold (TSE:CG) Price Target Raised to C$13.00

Centerra Gold (TSE:CG) had its price objective hoisted by Royal Bank of Canada from C$12.00 to C$13.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports.

A number of other research firms have also commented on CG. Desjardins lowered 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. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Cibc World Mkts raised Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th. TD Securities cut their price objective on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, CIBC lifted their price objective on Centerra Gold from C$9.80 to C$10.30 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.11.

Centerra Gold Stock Down 5.8%

Centerra Gold stock opened at C$9.72 on Wednesday. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.26 and a beta of 1.23. The stock has a fifty day simple moving average of C$9.33 and a two-hundred day simple moving average of C$8.87. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$10.59. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, June 5th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 2.88%. Centerra Gold’s dividend payout ratio (DPR) is presently 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.