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

Key Points

• Centerra Gold Inc. has received a consensus rating of "Moderate Buy" from analysts, with varying recommendations: four hold, three buy, and two strong buy.
• Recent analyst updates saw BMO Capital Markets downgrade the stock's rating while CIBC upgraded it, with price targets ranging from C$10.00 to C$13.50.
• The company has announced a quarterly dividend of $0.07 per share, reflecting an annualized dividend of $0.28 and a yield of 2.6%.

Centerra Gold Inc. (TSE:CG - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$11.76.

Several brokerages have recently commented on CG. BMO Capital Markets downgraded shares of Centerra Gold from a "strong-buy" rating to a "hold" rating and decreased their price objective for the company from C$14.00 to C$10.00 in a research report on Friday, August 8th. Cibc World Mkts upgraded shares of Centerra Gold from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 27th. Royal Bank Of Canada raised their price objective 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 price objective on shares of Centerra Gold from C$13.00 to C$13.50 in a research report on Thursday, August 21st.

Centerra Gold Trading Down 1.0%

Shares of CG stock opened at C$10.77 on Thursday. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$10.89. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm's 50 day moving average is C$9.97 and its 200 day moving average is C$9.43. The stock has a market capitalization of C$1.62 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.26 and a beta of 1.23.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, August 21st. Centerra Gold's dividend payout ratio (DPR) is presently 40.58%.

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.

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