TD Securities Cuts Centerra Gold (TSE:CG) Price Target to C$12.00

Centerra Gold (TSE:CG) had its price objective reduced by TD Securities from C$13.00 to C$12.00 in a research note published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other equities analysts have also commented on the stock. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. CIBC decreased their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$11.47.

Centerra Gold Stock Performance

Shares of TSE:CG opened at C$8.29 on Friday. The company’s 50 day simple moving average is C$8.75 and its 200 day simple moving average is C$9.01. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a 1 year low of C$7.42 and a 1 year high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be paid a $0.07 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.38%. Centerra Gold’s payout ratio is 40.58%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 3,831 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Nicholas Wright bought 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is owned by company 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.