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

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

Several other equities research analysts have also recently weighed in on the stock. Cormark lowered their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a research report on Monday, February 26th. National Bankshares increased their target price on shares of Centerra Gold from C$10.50 to C$11.00 in a research report on Friday, April 19th. BMO Capital Markets set a C$10.00 price target on Centerra Gold and gave the stock an outperform rating in a research report on Wednesday, February 21st. Raymond James upped their target price on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday. Finally, National Bank Financial restated an outperform overweight rating on shares of Centerra Gold in a research note on Monday, April 8th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of C$10.57.

Centerra Gold Trading Up 4.2 %

Shares of CG stock opened at C$8.65 on Tuesday. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of -16.63, a PEG ratio of 1.26 and a beta of 1.16. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24. The company’s fifty day simple moving average is C$7.68 and its two-hundred day simple moving average is C$7.53. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.82.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). The firm had revenue of C$462.92 million for the quarter. Centerra Gold had a negative net margin of 7.42% and a negative return on equity of 4.66%. As a group, analysts anticipate that Centerra Gold will post 0.4058317 earnings per share for the current year.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 27th were issued a $0.07 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.24%. Centerra Gold’s dividend payout ratio (DPR) is presently -53.85%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Senior Officer Darren Millman sold 110,274 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of C$6.96, for a total value of C$766,955.67. 0.38% 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.