Centerra Gold (TSE:CG) Price Target Raised to C$11.00

Centerra Gold (TSE:CG) had its price target hoisted by National Bankshares from C$10.50 to C$11.00 in a research note published on Friday, BayStreet.CA reports.

CG has been the topic of a number of other research reports. Canaccord Genuity Group dropped their target price on Centerra Gold from C$11.75 to C$10.75 and set a buy rating on the stock in a research report on Thursday, March 21st. CIBC raised their price objective on shares of Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Bank of America boosted their target price on shares of Centerra Gold from C$7.55 to C$8.50 in a research note on Tuesday, April 9th. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the company an outperform rating in a report on Wednesday, February 21st. Finally, Cormark lowered their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of Buy and an average price target of C$10.50.

Centerra Gold Price Performance

Shares of CG stock opened at C$8.51 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. The company has a market capitalization of C$1.83 billion, a P/E ratio of -16.37, a P/E/G ratio of 1.26 and a beta of 1.16. The company’s 50-day simple moving average is C$7.60 and its two-hundred day simple moving average is C$7.50. Centerra Gold has a one year low of C$6.07 and a one year high of C$10.00.

Centerra Gold (TSE:CG) last posted 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). Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. The firm had revenue of C$462.92 million for the quarter. As a group, equities analysts anticipate that Centerra Gold will post 0.4058317 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.29%. Centerra Gold’s dividend payout ratio is presently -53.85%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold 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 currently owned by corporate insiders.

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.