CIBC Cuts Centerra Gold (TSE:CG) Price Target to C$12.50

Centerra Gold (TSE:CG) had its target price reduced by CIBC from C$13.00 to C$12.50 in a research report report published on Tuesday, BayStreet.CA reports.

Several other analysts have also recently commented on CG. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Cibc World Mkts cut shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Finally, Raymond James lowered their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$11.71.

Centerra Gold Stock Down 0.6 %

CG stock opened at C$8.80 on Tuesday. The stock has a market capitalization of C$1.87 billion, a P/E ratio of 10.48, a PEG ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.59. The company has a 50 day moving average price of C$9.63 and a two-hundred day moving average price of C$9.33.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.18%. Centerra Gold’s payout ratio is 33.33%.

Insider Activity at Centerra Gold

In related news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. In related news, Senior Officer Claudia D’orazio sold 29,388 shares of Centerra Gold stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. Company insiders own 0.21% 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.