Centerra Gold Inc. (TSE:CG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$11.77.

A number of equities research analysts have recently commented on CG shares. Canaccord Genuity Group lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Cormark increased their price target on Centerra Gold from C$13.00 to C$13.90 in a research note on Wednesday, May 15th. National Bankshares lifted their price objective on Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Finally, CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th.

Centerra Gold Stock Performance

TSE:CG opened at C$9.89 on Friday. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29. The company has a market capitalization of C$2.10 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.26 and a beta of 1.22. The firm has a 50-day moving average price of C$9.34 and a two-hundred day moving average price of C$8.63. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.25.

Centerra Gold (TSE:CG) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The business had revenue of C$386.27 million during the quarter. As a group, research analysts expect that Centerra Gold will post 1.0904926 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.83%. Centerra Gold’s dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Director Craig Stephen Macdougall acquired 10,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of C$9.56 per share, for a total transaction of C$100,330.65. In the last quarter, insiders bought 11,012 shares of company stock worth $105,101. 0.20% of the stock is currently owned by company 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.