Centerra Gold Inc. (TSE:CG) Receives C$12.05 Consensus PT 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%.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat reports. Three equities research 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 brokers that have covered the stock in the last year is C$12.05.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Centerra Gold from C$12.00 to C$13.00 in a report on Wednesday, June 4th. Cibc World Mkts upgraded Centerra Gold from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 27th.

Centerra Gold Trading Up 1.1%

Shares of TSE CG traded up C$0.11 during mid-day trading on Friday, reaching C$10.14. 236,851 shares of the company's stock were exchanged, compared to its average volume of 755,565. The company's 50-day moving average is C$9.89 and its 200-day moving average is C$9.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, June 5th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, May 22nd. Centerra Gold's dividend payout ratio (DPR) is 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.