CIBC Raises Centerra Gold (TSE:CG) Price Target to C$11.00

Centerra Gold (TSE:CG) had its target price upped by CIBC from C$9.50 to C$11.00 in a research note released on Monday morning, BayStreet.CA reports.

A number of other equities analysts also recently weighed in on CG. National Bankshares set a C$9.50 target price on shares of Centerra Gold and gave the stock an outperform rating in a research note on Friday, February 16th. Desjardins lowered their target price on shares of Centerra Gold from C$12.00 to C$11.75 and set a buy rating for the company in a research note on Tuesday, January 9th. National Bank Financial restated an outperform overweight rating on shares of Centerra Gold in a report on Monday, April 8th. Bank of America upped their price objective on shares of Centerra Gold from C$7.55 to C$8.50 in a report on Tuesday, April 9th. Finally, Raymond James upped their price objective on shares of Centerra Gold from C$11.00 to C$12.00 in a report on Friday, January 12th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of C$10.36.

Centerra Gold Price Performance

CG stock opened at C$8.35 on Monday. The company has a fifty day moving average price of C$7.51 and a 200-day moving average price of C$7.46. The company has a market capitalization of C$1.80 billion, a P/E ratio of -16.06, a PEG ratio of 1.26 and a beta of 1.16. Centerra Gold has a 52-week low of C$6.07 and a 52-week high of C$10.00. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.24 and a current ratio of 3.25.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.01). The business 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, equities analysts expect that Centerra Gold will post 0.4058317 EPS for the current year.

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, March 12th. Centerra Gold’s payout ratio is presently -53.85%.

Insider Transactions at Centerra Gold

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