Centerra Gold Inc. (TSE:CG) Receives C$12.11 Average PT from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$12.11.

CG has been the topic of several recent analyst reports. Raymond James Financial raised their price objective on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Cibc World Mkts upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 27th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a report on Friday, March 21st. Finally, National Bankshares lifted their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Wednesday, March 19th.

Centerra Gold Stock Up 0.1%

Shares of CG stock opened at C$9.71 on Friday. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a one year low of C$7.72 and a one year high of C$10.59. The company’s fifty day moving average price is C$9.56 and its 200-day moving average price is C$8.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.

Centerra Gold Dividend Announcement

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