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

Centerra Gold (TSE:CG) had its price objective raised by National Bankshares from C$10.50 to C$11.00 in a research report report published on Friday, BayStreet.CA reports.

CG has been the topic of several other research reports. Canaccord Genuity Group lowered their target price on shares of 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. National Bank Financial reissued an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. Cormark reduced their target price on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Desjardins dropped their price target on Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research note on Tuesday, January 9th. Finally, BMO Capital Markets set a C$10.00 price target on Centerra Gold and gave the company an outperform rating in a report on Wednesday, February 21st. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Centerra Gold currently has a consensus rating of Buy and an average price target of C$10.50.

Centerra Gold Price Performance

Shares of Centerra Gold stock opened at C$8.30 on Friday. The stock has a market cap of C$1.79 billion, a P/E ratio of -15.96, 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. The stock’s fifty day moving average is C$7.63 and its 200 day moving average is C$7.51. Centerra Gold has a one year low of C$6.07 and a one year high of C$9.82.

Centerra Gold (TSE:CG) last issued 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 firm had revenue of C$462.92 million for 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 year.

Centerra Gold Dividend Announcement

The company 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 3.37%. Centerra Gold’s payout ratio is -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 value of C$766,955.67. 0.38% of the stock is currently owned by corporate insiders.

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.