Centerra Gold Inc. (TSE:CG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Centerra Gold Inc. (TSE:CG - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$12.11.

A number of research firms recently weighed in on CG. CIBC raised their target price on shares of Centerra Gold from C$9.80 to C$10.30 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Cibc World Mkts raised shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. National Bank Financial raised shares of Centerra Gold to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank Of Canada raised their target price on shares of Centerra Gold from C$12.00 to C$13.00 in a research report on Wednesday, June 4th. Finally, Raymond James Financial raised their target price on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th.

Centerra Gold Stock Up 0.8%

Shares of TSE:CG traded up C$0.08 during midday trading on Wednesday, reaching C$9.77. 739,680 shares of the company were exchanged, compared to its average volume of 766,318. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two 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 stock has a fifty day simple moving average of C$9.70 and a two-hundred day simple moving average of C$9.09. The firm has a market cap of C$1.47 billion, a PE ratio of 14.16, 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 was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, May 22nd. Centerra Gold's payout ratio 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.