Centerra Gold Inc. (TSE:CG) Receives C$10.23 Consensus PT from Analysts

Centerra Gold Inc. (TSE:CG) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$10.36.

Several brokerages recently weighed in on CG. National Bankshares set a C$9.50 target price on Centerra Gold and gave the stock an “outperform” rating in a research note on Friday, February 16th. CIBC boosted their target price on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday. Cormark dropped their target price on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Canaccord Genuity Group dropped their target price on Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Finally, Desjardins dropped their price target on Centerra Gold from C$12.00 to C$11.75 and set a “buy” rating on the stock in a research note on Tuesday, January 9th.

Centerra Gold Stock Up 1.7 %

Shares of CG stock opened at C$8.35 on Monday. Centerra Gold has a 1-year low of C$6.07 and a 1-year high of C$10.00. The stock’s fifty day moving average price is C$7.51 and its 200 day moving average price is C$7.46. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. The company has a market cap of C$1.80 billion, a price-to-earnings ratio of -16.06, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.01). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The business had revenue of C$462.92 million for the quarter. On average, research analysts expect that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a $0.07 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.35%. Centerra Gold’s dividend payout ratio (DPR) is presently -53.85%.

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. Insiders own 0.38% of the company’s stock.

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.