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

Shares of Centerra Gold Inc. (TSE:CG) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$10.36.

Several equities research analysts recently weighed in on CG shares. Canaccord Genuity Group reduced their price target 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. Raymond James upped their price target on Centerra Gold from C$11.00 to C$12.00 in a research note on Friday, January 12th. CIBC upped their price target on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday. Cormark reduced their price target on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Finally, BMO Capital Markets set a C$10.00 price target on Centerra Gold and gave the stock an “outperform” rating in a research note on Wednesday, February 21st.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the 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. 0.38% of the stock is owned by corporate insiders.

Centerra Gold Stock Performance

Shares of CG stock opened at C$8.35 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.00. The stock has a 50 day moving average price of C$7.51 and a two-hundred day moving average price of C$7.46. The company has a market capitalization of C$1.80 billion, a P/E ratio of -16.06, a PEG 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 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The business had revenue of C$462.92 million for the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. Analysts expect that Centerra Gold will post 0.4058317 earnings per share for the current year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Tuesday, March 12th. Centerra Gold’s payout ratio is currently -53.85%.

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.