Centerra Gold Inc. (TSE:CG - Get Free Report)'s stock price reached a new 52-week high on Thursday after Cormark raised their price target on the stock from C$13.00 to C$13.90. The stock traded as high as C$9.45 and last traded at C$9.44, with a volume of 257089 shares trading hands. The stock had previously closed at C$9.15.
Other research analysts have also issued reports about the stock. BMO Capital Markets set a C$10.00 price target on shares of Centerra Gold and gave the company an "outperform" rating in a report on Wednesday, February 21st. National Bankshares raised their price target on Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. Raymond James increased their target price on shares of Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, April 23rd. Bank of America boosted their price target on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Finally, CIBC increased their price objective on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday, April 15th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Centerra Gold has an average rating of "Buy" and an average target price of C$10.83.
Check Out Our Latest Stock Analysis on CG
Insider Transactions at Centerra Gold
In related news, Senior Officer Darren Millman sold 110,274 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of C$6.96, for a total transaction of C$766,955.67. 0.23% of the stock is currently owned by insiders.
Centerra Gold Stock Performance
The stock has a market cap of C$2.04 billion, a price-to-earnings ratio of -17.60, a P/E/G ratio of 1.26 and a beta of 1.19. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. The firm has a fifty day simple moving average of C$8.24 and a 200-day simple moving average of C$7.74.
Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The firm had revenue of C$462.92 million for the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. Analysts forecast that Centerra Gold Inc. will post 0.7145148 EPS for the current fiscal year.
Centerra Gold Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, June 12th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Wednesday, May 29th. Centerra Gold's dividend payout ratio is currently -53.85%.
Centerra Gold Company Profile
(
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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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