Royal Bank of Canada Cuts Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its target price trimmed by Royal Bank of Canada from C$12.00 to C$11.00 in a report released on Tuesday,BayStreet.CA reports.

Several other brokerages have also recently issued reports on CG. CIBC reduced their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Desjardins upgraded shares of Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st. Finally, Raymond James reduced their price target on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$11.28.

Centerra Gold Trading Up 0.7 %

Shares of Centerra Gold stock opened at C$8.47 on Tuesday. The company has a fifty day moving average of C$8.45 and a 200 day moving average of C$9.12. The company has a market capitalization of C$1.80 billion, a P/E ratio of 10.08, a P/E/G ratio of 1.26 and a beta of 1.23. Centerra Gold has a fifty-two week low of C$6.07 and a fifty-two week high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79.

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 paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.31%. Centerra Gold’s dividend payout ratio is presently 33.33%.

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.