Brokerages Set Centerra Gold Inc. (TSE:CG) Price Target at C$10.05

Shares of Centerra Gold Inc. (TSE:CG) have been given an average rating of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$10.21.

Several research analysts recently commented on CG shares. Canaccord Genuity Group reduced their price target on shares of 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. Cormark reduced their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a research note on Monday, February 26th. National Bank Financial reaffirmed an “outperform spec overweight” rating on shares of Centerra Gold in a research note on Wednesday, January 3rd. National Bankshares set a C$9.50 target price on shares of Centerra Gold and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Raymond James raised their target price on shares of Centerra Gold from C$11.00 to C$12.00 in a research report on Friday, January 12th.

Centerra Gold Price Performance

Centerra Gold stock opened at C$7.89 on Thursday. The firm has a 50-day moving average price of C$7.25 and a 200-day moving average price of C$7.36. The firm has a market capitalization of C$1.70 billion, a PE ratio of -15.47, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. The company has a current ratio of 3.25, a quick ratio of 3.24 and a debt-to-equity ratio of 1.45. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.28.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS 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 return on equity of 4.66% and a negative net margin of 7.42%. As a group, equities research analysts forecast that Centerra Gold will post 0.4803493 EPS for the current year.

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s payout ratio is currently -54.90%.

Insider Transactions at Centerra Gold

In other news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold stock in a transaction that occurred on Friday, March 1st. The shares were 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 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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.