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

Centerra Gold (TSE:CG) had its price objective increased by Raymond James from C$11.50 to C$12.50 in a research report report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Bank of America upped their target price on Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Desjardins dropped their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a buy rating on the stock in a report on Tuesday, January 9th. Cormark reduced their price target on shares of Centerra Gold from C$11.50 to C$11.00 in a report on Monday, February 26th. Canaccord Genuity Group lowered their price target on shares of Centerra Gold from C$11.75 to C$10.75 and set a buy rating for the company in a research report on Thursday, March 21st. Finally, National Bankshares lifted their price objective on shares of Centerra Gold from C$10.50 to C$11.00 in a report on Friday, April 19th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$10.57.

Centerra Gold Stock Up 4.2 %

Shares of TSE CG opened at C$8.65 on Tuesday. The company has a market cap of C$1.86 billion, a P/E ratio of -16.63, a PEG ratio of 1.26 and a beta of 1.16. The firm has a 50-day simple moving average of C$7.68 and a two-hundred day simple moving average of C$7.53. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$9.82. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.25 and a quick ratio of 3.24.

Centerra Gold (TSE:CG) last released its earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.01). Centerra Gold had a negative return on equity of 4.66% and a negative net margin of 7.42%. The business had revenue of C$462.92 million during the quarter. Research 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. Stockholders of record on Wednesday, March 27th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s dividend payout ratio is presently -53.85%.

Insider Activity at Centerra Gold

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

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.