Centerra Gold Inc. (TSE:CG) Receives C$12.09 Consensus Price Target from Analysts

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.09.

A number of brokerages have issued reports on CG. Raymond James raised their price target on Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. Desjardins cut shares of Centerra Gold from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$12.75 to C$11.00 in a research report on Thursday, February 13th. National Bankshares upped their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research report on Wednesday, March 19th. National Bank Financial upgraded shares of Centerra Gold to a "strong-buy" rating in a report on Friday, March 21st. Finally, CIBC increased their target price on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research report on Thursday, March 20th.

Centerra Gold Price Performance

CG stock traded up C$0.09 on Friday, reaching C$9.23. The company had a trading volume of 789,621 shares, compared to its average volume of 743,914. The company's fifty day moving average is C$8.77 and its 200 day moving average is C$8.82. The company has a market cap of C$1.39 billion, a P/E ratio of 13.38, a PEG 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 has a 1 year low of C$7.72 and a 1 year high of C$10.59.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.03%. Centerra Gold's dividend payout ratio (DPR) is 40.58%.

Insider Buying and Selling

In other Centerra Gold news, Senior Officer Claudia D'orazio sold 3,831 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Nicholas Wright acquired 35,000 shares of Centerra Gold stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of C$8.11 per share, with a total value of C$283,752.00. Company insiders own 0.21% of the company's stock.

About Centerra Gold

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.