Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Centerra Gold Inc. (TSE:CG) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$11.37.

CG has been the topic of several research reports. Raymond James dropped their price objective on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research note on Thursday, October 31st. Finally, CIBC reduced their price objective on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd.

Centerra Gold Trading Up 0.7 %

TSE:CG opened at C$8.15 on Friday. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. The stock has a market cap of C$1.73 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The stock has a 50-day simple moving average of C$8.76 and a 200-day simple moving average of C$9.19.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.44%. Centerra Gold’s payout ratio is 33.33%.

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.