Desjardins Upgrades Centerra Gold (TSE:CG) to “Moderate Buy”

Desjardins upgraded shares of Centerra Gold (TSE:CG) to a moderate buy rating in a research note released on Thursday morning, Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Raymond James cut their target price on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, CIBC lowered shares of Centerra Gold from an “outperform” rating to a “neutral” rating and lifted their target price for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$11.83.

Centerra Gold Trading Down 7.5 %

Centerra Gold stock traded down C$0.74 during trading hours on Thursday, reaching C$9.10. The stock had a trading volume of 2,173,872 shares, compared to its average volume of 737,352. The stock has a market cap of C$1.94 billion, a PE ratio of 10.83, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.59. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The company has a fifty day simple moving average of C$9.68 and a 200-day simple moving average of C$9.31.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.09. The business had revenue of C$386.27 million for the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Centerra Gold Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.08%. Centerra Gold’s dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at Centerra Gold

In other Centerra Gold news, Senior Officer Yousef Rehman sold 71,419 shares of Centerra Gold stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total value of C$716,332.57. In related news, Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.21% of the stock is currently owned by corporate 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.