Centerra Gold Inc. (TSE:CG) Receives C$11.77 Consensus PT from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$11.77.

Several equities research analysts recently issued reports on the company. CIBC cut Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from C$11.00 to C$13.00 in a report on Wednesday, July 10th. National Bankshares lifted their price objective on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Canaccord Genuity Group lifted their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Finally, Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$9.24 on Thursday. The company has a quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.25. The business has a 50-day moving average price of C$9.34 and a 200 day moving average price of C$8.94. The firm has a market cap of C$1.97 billion, a PE ratio of 11.13, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%. The firm had revenue of C$386.27 million during the quarter. Sell-side analysts predict that Centerra Gold will post 0.8612132 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s dividend payout ratio is currently 33.73%.

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.