Centerra Gold Inc. (TSE:CG) Given Average Recommendation of "Buy" by Brokerages

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have been given a consensus recommendation of "Buy" by the seven research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is C$10.36.

A number of research analysts recently weighed in on CG shares. Canaccord Genuity Group reduced their target price on Centerra Gold from C$11.75 to C$10.75 and set a "buy" rating on the stock in a report on Thursday, March 21st. Desjardins reduced their price objective on Centerra Gold from C$12.00 to C$11.75 and set a "buy" rating on the stock in a research note on Tuesday, January 9th. National Bank Financial restated an "outperform overweight" rating on shares of Centerra Gold in a research note on Monday, April 8th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the stock an "outperform" rating in a research note on Wednesday, February 21st. Finally, Raymond James boosted their price objective on Centerra Gold from C$11.00 to C$12.00 in a research note on Friday, January 12th.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. Insiders own 0.38% of the company's stock.

Centerra Gold Price Performance

Shares of TSE:CG remained flat at C$8.27 during midday trading on Monday. The stock had a trading volume of 963,009 shares, compared to its average volume of 501,604. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of -15.90, 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 quick ratio of 3.24 and a current ratio of 3.25. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.09. The company's 50-day moving average is C$7.49 and its 200 day moving average is C$7.44.

Centerra Gold (TSE:CG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts' consensus estimates of C$0.39 by C($0.01). The business 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%. Sell-side analysts anticipate that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.39%. Centerra Gold's dividend payout ratio is presently -53.85%.

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.