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

Shares of Centerra Gold Inc. (TSE:CG) have been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$11.71.

CG has been the subject of several research reports. Desjardins raised Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Raymond James reduced their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Finally, CIBC reduced their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday, November 5th.

Centerra Gold Stock Down 4.6 %

Shares of TSE CG opened at C$8.32 on Tuesday. The company has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The business has a 50-day moving average of C$9.38 and a two-hundred day moving average of C$9.34. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, November 13th. Centerra Gold’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In related news, Senior Officer Yousef Rehman sold 71,419 shares of the company’s 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. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. 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.