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

Centerra Gold Inc. (TSE:CG) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$11.46.

A number of analysts have issued reports on the company. Cormark raised their target price on Centerra Gold from C$13.00 to C$13.90 in a research report on Wednesday, May 15th. National Bank Financial reissued an “outperform overweight” rating on shares of Centerra Gold in a research report on Monday, April 8th. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Raymond James raised their price target on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, April 23rd. Finally, Bank of America raised their price target on Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$9.09 on Wednesday. The company has a market cap of C$1.95 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.25. The business has a 50 day moving average price of C$9.39 and a 200-day moving average price of C$8.34. The company has a quick ratio of 3.24, a current ratio of 3.22 and a debt-to-equity ratio of 1.29.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, missing analysts’ consensus estimates of C$0.21 by C($0.02). The business had revenue of C$412.37 million for the quarter. Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. Equities analysts anticipate that Centerra Gold will post 0.887963 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th were issued a dividend of $0.07 per share. The ex-dividend date was Wednesday, May 29th. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. Centerra Gold’s dividend payout ratio is presently 77.78%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall purchased 10,500 shares of Centerra Gold stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Insiders have acquired a total of 11,012 shares of company stock worth $105,101 in the last 90 days. Company insiders own 0.23% of the company’s stock.

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.