Brokerages Set Centerra Gold Inc. (TSE:CG) Price Target at C$11.83

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$11.83.

Several research firms recently weighed in on CG. Raymond James upped their price target on shares of Centerra Gold from C$12.00 to C$13.50 in a research report on Friday, April 4th. 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 research note on Wednesday, March 19th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Cormark lowered Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Desjardins cut shares of Centerra Gold from a "buy" rating to a "hold" rating and reduced their target price for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th.

Centerra Gold Price Performance

Centerra Gold stock traded up C$0.15 during trading on Tuesday, reaching C$9.56. The company had a trading volume of 447,420 shares, compared to its average volume of 727,173. The firm's 50-day simple moving average is C$9.12 and its 200 day simple moving average is C$8.77. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$10.59. The firm has a market capitalization of C$1.44 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.28 annualized dividend and a yield of 2.93%. Centerra Gold's dividend payout ratio (DPR) is 40.58%.

Insiders Place Their Bets

In related news, Director Paul Botond Stilicho Tomory sold 8,563 shares of Centerra Gold stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. Also, Director Paul Nicholas Wright bought 35,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of C$8.11 per share, with a total value of C$283,752.00. 0.21% of the stock is owned by insiders.

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.