Centerra Gold (TSE:CG) PT Raised to C$11.00

Centerra Gold (TSE:CG) had its target price hoisted by CIBC from C$9.50 to C$11.00 in a report released on Monday, BayStreet.CA reports.

Several other research firms have also recently weighed in on CG. Cormark reduced their price objective on Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. Canaccord Genuity Group reduced their price objective on Centerra Gold from C$11.75 to C$10.75 and set a buy rating for the company in a research report on Thursday, March 21st. Bank of America increased their price objective on Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Desjardins reduced their price objective on Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research report on Tuesday, January 9th. Finally, National Bankshares set a C$9.50 price objective on Centerra Gold and gave the company an outperform rating in a research report on Friday, February 16th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Centerra Gold presently has an average rating of Buy and an average target price of C$10.36.

Centerra Gold Stock Performance

TSE:CG opened at C$8.35 on Monday. The stock’s 50 day moving average price is C$7.54 and its 200 day moving average price is C$7.46. 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 capitalization of C$1.80 billion, a P/E ratio of -16.06, a P/E/G 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 (TSE:CG) last announced its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The company 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%. On average, research analysts forecast that Centerra Gold will post 0.4058317 EPS for the current fiscal year.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were issued a $0.07 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.35%. Centerra Gold’s dividend payout ratio is -53.85%.

Insider Activity at Centerra Gold

In related news, Senior Officer Darren Millman sold 110,274 shares of Centerra Gold 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 company 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.