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

Shares of Centerra Gold Inc. (TSE:CG) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$11.76.

Several research analysts have weighed in on the stock. BMO Capital Markets downgraded shares of Centerra Gold from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$14.00 to C$10.00 in a report on Friday. Royal Bank Of Canada upped their price objective on shares of Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Finally, Cibc World Mkts upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th.

Centerra Gold Stock Down 6.7%

Centerra Gold stock opened at C$9.68 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$10.59. The firm’s fifty day moving average is C$9.90 and its 200 day moving average is C$9.34. The company has a market capitalization of C$1.45 billion, a PE ratio of 14.03, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th will be issued a $0.07 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.28 annualized dividend and a dividend yield of 2.9%. 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.