Centerra Gold (TSE:CG) Price Target Raised to C$10.30 at CIBC

Centerra Gold (TSE:CG) had its price objective hoisted by CIBC from C$9.80 to C$10.30 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other research analysts have also commented on CG. Desjardins lowered Centerra Gold from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. National Bankshares lifted their price target on Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada reduced their price target on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. TD Securities reduced their price target on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$11.58.

Centerra Gold Stock Up 0.2 %

TSE CG opened at C$8.95 on Thursday. Centerra Gold has a 52 week low of C$7.68 and a 52 week high of C$10.59. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is C$8.78 and its 200-day simple moving average is C$8.92. The firm has a market cap of C$1.34 billion, a PE ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.13%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s dividend payout ratio is currently 40.58%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. 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.