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

Key Points

• Centerra Gold Inc. has received an average recommendation of "Moderate Buy" from analysts, with three hold ratings, three buy ratings, and two strong buy ratings.
• The stock's current 12-month price target among brokerages is C$12.05, reflecting a raised target to C$13.00 by Royal Bank of Canada.
• Centerra Gold declared a quarterly dividend of $0.07 per share, yielding approximately 2.9%, with a payout ratio of 40.58%.

Centerra Gold Inc. (TSE:CG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$12.05.

A number of research analysts recently commented on the company. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th. Royal Bank Of Canada upped their price objective on Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th.

Centerra Gold Price Performance

CG stock traded up C$0.11 during trading on Friday, hitting C$9.54. The stock had a trading volume of 648,487 shares, compared to its average volume of 754,615. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a twelve month low of C$7.72 and a twelve month high of C$10.59. The stock has a market capitalization of C$1.43 billion, a P/E ratio of 13.82, a PEG ratio of 1.26 and a beta of 1.23. The company's 50-day moving average price is C$9.88 and its two-hundred day moving average price is C$9.29.

Centerra Gold Dividend Announcement

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 of this dividend was Thursday, May 22nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.9%. Centerra Gold's dividend payout ratio is currently 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.