National Bankshares Increases Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG - Free Report) had its price target upped by National Bankshares from C$10.50 to C$11.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently weighed in on CG. Canaccord Genuity Group dropped their price target on Centerra Gold from C$11.75 to C$10.75 and set a buy rating on the stock in a research note on Thursday, March 21st. National Bank Financial restated an outperform overweight rating on shares of Centerra Gold in a research note on Monday, April 8th. CIBC increased their price target on shares of Centerra Gold from C$9.50 to C$11.00 in a report on Monday. BMO Capital Markets set a C$10.00 price objective on shares of Centerra Gold and gave the stock an outperform rating in a research report on Wednesday, February 21st. Finally, Raymond James boosted their price objective on Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$10.50.

Centerra Gold Stock Up 1.9 %

TSE:CG traded up C$0.16 on Friday, hitting C$8.51. 623,752 shares of the company's stock were exchanged, compared to its average volume of 515,415. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.00. The company has a market cap of C$1.83 billion, a P/E ratio of -16.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. The firm has a 50-day moving average price of C$7.57 and a 200-day moving average price of C$7.47.

Centerra Gold (TSE:CG - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 4.66% and a negative net margin of 7.42%. As a group, analysts expect that Centerra Gold will post 0.4058317 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. Centerra Gold's dividend payout ratio (DPR) is presently -53.85%.

Insider Buying and Selling at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of the company's 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. Insiders own 0.38% 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.