Centerra Gold Inc. (TSE:CG) Receives C$12.11 Average Target Price from Analysts

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$12.11.

CG has been the subject of a number of research reports. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 27th. Raymond James Financial lifted their target price on Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. Royal Bank Of Canada upped their price target on Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. National Bank Financial upgraded Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, National Bankshares lifted their price objective on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a report on Wednesday, March 19th.

Centerra Gold Stock Up 1.7%

CG stock traded up C$0.17 during mid-day trading on Wednesday, hitting C$9.97. 478,796 shares of the company were exchanged, compared to its average volume of 763,864. The firm has a fifty day simple moving average of C$9.73 and a 200 day simple moving average of C$9.10. The company has a market capitalization of C$1.50 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a twelve month low of C$7.72 and a twelve month high of C$10.59. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.81%. Centerra Gold's dividend payout ratio (DPR) is presently 40.58%.

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.