Centerra Gold (TSE:CG) Price Target Raised to C$12.50

Centerra Gold (TSE:CG) had its price objective upped by Canaccord Genuity Group from C$11.50 to C$12.50 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also issued reports on the stock. National Bank Financial reissued an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. National Bankshares increased their price objective on shares of Centerra Gold from C$11.25 to C$12.00 and gave the company an outperform rating in a report on Monday, June 10th. Cibc World Mkts lowered shares of Centerra Gold from a strong-buy rating to a hold rating in a report on Wednesday, July 10th. CIBC downgraded Centerra Gold from an outperform rating to a neutral rating and increased their target price for the company from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Finally, Cormark increased their target price on Centerra Gold from C$13.00 to C$13.90 in a research report on Wednesday, May 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Centerra Gold currently has an average rating of Moderate Buy and an average target price of C$11.46.

Centerra Gold Price Performance

TSE CG opened at C$8.95 on Tuesday. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.25. The firm has a market capitalization of C$1.92 billion, a P/E ratio of 24.86, a PEG ratio of 1.26 and a beta of 1.19. The company has a quick ratio of 3.24, a current ratio of 3.22 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of C$9.41 and a 200-day moving average price of C$8.32.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). Centerra Gold had a net margin of 4.99% and a return on equity of 3.40%. The business had revenue of C$412.37 million for the quarter. Equities research analysts anticipate that Centerra Gold will post 0.887963 earnings per share for the current year.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, June 12th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $0.28 annualized dividend and a dividend yield of 3.13%. Centerra Gold’s dividend payout ratio is currently 77.78%.

Insider Activity

In other news, Director Craig Stephen Macdougall purchased 10,500 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of C$9.56 per share, for a total transaction of C$100,330.65. Over the last 90 days, insiders have bought 11,012 shares of company stock worth $105,101. Company insiders own 0.23% of the company’s stock.

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.