Centerra Gold Inc. (TSE:CG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$11.58.

Several brokerages recently issued reports on CG. Royal Bank of Canada reduced their target price on Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. CIBC lifted their target price on shares of Centerra Gold from C$9.80 to C$10.30 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. National Bankshares boosted their target price on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th. Finally, Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th.

Centerra Gold Stock Performance

Shares of CG stock opened at C$9.09 on Monday. Centerra Gold has a 12-month low of C$7.90 and a 12-month high of C$10.59. The business’s fifty day simple moving average is C$8.84 and its 200-day simple moving average is C$8.89. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The company has a market cap of C$1.37 billion, a PE ratio of 13.17, a PEG ratio of 1.26 and a beta of 1.23.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, March 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 40.58%.

Insider Buying and Selling

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