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

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$10.50.

A number of analysts have weighed in on CG shares. Canaccord Genuity Group lowered their target price on Centerra Gold from C$11.75 to C$10.75 and set a “buy” rating for the company in a report on Thursday, March 21st. National Bank Financial reiterated an “outperform overweight” rating on shares of Centerra Gold in a report on Monday, April 8th. BMO Capital Markets set a C$10.00 price objective on Centerra Gold and gave the company an “outperform” rating in a report on Wednesday, February 21st. Raymond James increased their price objective on Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Finally, Cormark decreased their price objective on Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th.

Insiders Place Their Bets

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 transaction of C$766,955.67. Corporate insiders own 0.38% of the company’s stock.

Centerra Gold Stock Up 1.9 %

Centerra Gold stock opened at C$8.51 on Monday. The business has a fifty day moving average of C$7.57 and a two-hundred day moving average of C$7.47. The company has a quick ratio of 3.24, a current ratio of 3.25 and a debt-to-equity ratio of 1.45. The firm has a market cap of C$1.83 billion, a P/E ratio of -16.37, a P/E/G ratio of 1.26 and a beta of 1.16. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.00.

Centerra Gold (TSE:CG) last posted its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share 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, analysts forecast that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s dividend payout ratio (DPR) is -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.