Centerra Gold (TSE:CG) Given New C$12.50 Price Target at Raymond James

Centerra Gold (TSE:CG) had its target price lowered by Raymond James from C$13.00 to C$12.50 in a research note released on Monday morning, BayStreet.CA reports.

Several other equities research analysts also recently commented on the company. Canaccord Genuity Group lifted their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, CIBC cut shares of Centerra Gold from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$11.77.

Centerra Gold Stock Performance

CG stock opened at C$8.85 on Monday. The stock has a market capitalization of C$1.88 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The stock’s 50 day simple moving average is C$9.66 and its 200 day simple moving average is C$9.33. Centerra Gold has a 12-month low of C$6.07 and a 12-month high of C$10.59. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be given a $0.07 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a yield of 3.16%. Centerra Gold’s payout ratio is presently 33.33%.

Insider Transactions at Centerra Gold

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