Centerra Gold Inc. (TSE:CG) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (TSE:CGGet Rating) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$10.43.

CG has been the topic of a number of research reports. Raymond James dropped their price objective on Centerra Gold from C$14.50 to C$10.50 and set a “market perform” rating on the stock in a research note on Thursday, August 11th. Cormark cut their target price on Centerra Gold from C$11.25 to C$8.00 in a research report on Thursday, August 11th. National Bankshares cut their target price on Centerra Gold from C$14.00 to C$10.50 and set an “outperform” rating on the stock in a research report on Monday, August 15th. CIBC cut their target price on Centerra Gold from C$14.25 to C$8.25 and set a “neutral” rating on the stock in a research report on Thursday, August 11th. Finally, Royal Bank of Canada cut their target price on Centerra Gold from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a research report on Thursday, August 11th.

Centerra Gold Stock Up 0.2 %

CG opened at C$6.14 on Tuesday. Centerra Gold has a one year low of C$5.69 and a one year high of C$13.52. The company has a debt-to-equity ratio of 0.54, a quick ratio of 4.60 and a current ratio of 6.17. The stock’s fifty day moving average is C$7.02 and its 200-day moving average is C$9.73. The company has a market capitalization of C$1.35 billion and a PE ratio of 3.61.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Thursday, August 25th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.28 dividend on an annualized basis and a yield of 4.56%. Centerra Gold’s dividend payout ratio (DPR) is currently 13.05%.

About Centerra Gold

(Get Rating)

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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