Centerra Gold (TSE:CG) Given New C$11.00 Price Target at Canaccord Genuity Group

Centerra Gold (TSE:CG) had its price target increased by Canaccord Genuity Group from C$10.75 to C$11.00 in a research report released on Tuesday, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on the stock. National Bankshares boosted their price objective on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. National Bank Financial reissued an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. Desjardins decreased their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research report on Tuesday, January 9th. Cormark decreased their target price on shares of Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. Finally, Bank of America upped their price objective on shares of Centerra Gold from C$7.55 to C$8.50 in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of Buy and an average target price of C$10.57.

Centerra Gold Stock Performance

Shares of TSE:CG opened at C$8.58 on Tuesday. The company has a market capitalization of C$1.85 billion, a price-to-earnings ratio of -16.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$9.82. 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 50 day moving average of C$7.75 and a 200 day moving average of C$7.54.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The firm had revenue of C$462.92 million during the quarter. On average, sell-side analysts predict that Centerra Gold will post 0.4058317 earnings per share for the current fiscal year.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were given a dividend of $0.07 per share. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 annualized dividend and a dividend yield of 3.26%. Centerra Gold’s dividend payout ratio (DPR) is presently -53.85%.

Insider Buying and Selling

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

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.