Canaccord Genuity Group Boosts Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG - Free Report) had its price target lifted by Canaccord Genuity Group from C$10.75 to C$11.00 in a research note released on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the company. Cormark dropped their price objective on Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. National Bankshares lifted their price objective on Centerra Gold from C$10.50 to C$11.00 in a research note on Friday. Raymond James lifted their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday. CIBC lifted their price objective on Centerra Gold from C$9.50 to C$11.00 in a research note on Monday, April 15th. Finally, BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the company an outperform rating in a research note on Wednesday, February 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$10.57.

Centerra Gold Stock Performance

Shares of TSE CG traded up C$0.35 during mid-day trading on Tuesday, hitting C$8.65. The company had a trading volume of 573,036 shares, compared to its average volume of 524,846. The company has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -16.63, a P/E/G ratio of 1.26 and a beta of 1.16. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.82. 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 stock's 50-day moving average price is C$7.63 and its 200-day moving average price is C$7.51.

Centerra Gold (TSE:CG - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The company had revenue of C$462.92 million during the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. On average, sell-side analysts forecast that Centerra Gold will post 0.4058317 earnings per share for the current year.

Centerra Gold Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, March 12th. Centerra Gold's dividend payout ratio (DPR) is presently -53.85%.

Insider Activity

In other news, Senior Officer Darren Millman sold 110,274 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. 0.38% of the stock is currently owned by corporate insiders.

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.