Centerra Gold Inc. (TSE:CG) Receives Average Recommendation of "Moderate Buy" from Brokerages

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

Several equities research analysts recently issued reports on CG shares. Raymond James Financial lifted their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a report on Friday, April 4th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Royal Bank Of Canada lifted their price target on shares of Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Finally, National Bankshares lifted their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the company an "outperform" rating in a report on Wednesday, March 19th.

Centerra Gold Price Performance

CG stock traded down C$0.05 during mid-day trading on Wednesday, hitting C$9.72. The stock had a trading volume of 147,927 shares, compared to its average volume of 761,004. 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 has a 52 week low of C$7.72 and a 52 week high of C$10.59. The firm has a market capitalization of C$1.46 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.26 and a beta of 1.23. The firm has a fifty day simple moving average of C$9.71 and a 200 day simple moving average of C$9.09.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a yield of 2.88%. 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.