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

Shares of Centerra Gold Inc. (TSE:CG) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$11.71.

A number of analysts recently weighed in on CG shares. Desjardins raised shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Raymond James reduced their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Monday. CIBC reduced their target price on shares of Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday. Finally, Canaccord Genuity Group boosted their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd.

Centerra Gold Stock Up 3.9 %

Shares of CG opened at C$8.99 on Friday. The company has a market cap of C$1.91 billion, a PE ratio of 10.70, a P/E/G ratio of 1.26 and a beta of 1.23. The business has a fifty day moving average of C$9.58 and a 200 day moving average of C$9.34. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.59. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.11%. Centerra Gold’s dividend payout ratio is presently 33.33%.

Insider Activity

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was 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 that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total value of C$716,332.57. Insiders own 0.21% of the company’s stock.

Centerra Gold Company Profile

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.