Brokerages Set Centerra Gold Inc. (TSE:CG) Price Target at C$11.28

Centerra Gold Inc. (TSE:CG) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$11.28.

A number of analysts have recently weighed in on the company. Desjardins raised Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. CIBC decreased their price target on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Raymond James dropped their price target on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th.

Centerra Gold Trading Up 0.1 %

TSE:CG opened at C$8.43 on Wednesday. The stock has a market capitalization of C$1.79 billion, a price-to-earnings ratio of 10.04, 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 quick ratio of 3.24, a current ratio of 3.79 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of C$8.36 and a 200 day moving average of C$9.08.

Centerra Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Wednesday, November 13th. Centerra Gold’s dividend payout ratio (DPR) is currently 33.33%.

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.