National Bankshares Raises Centerra Gold (TSE:CG) Price Target to C$16.00

Centerra Gold (TSE:CGGet Rating) had its price target boosted by National Bankshares from C$14.50 to C$16.00 in a report published on Wednesday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the stock. Scotiabank upped their target price on shares of Centerra Gold from C$12.50 to C$14.00 in a report on Tuesday, April 5th. TD Securities boosted their price target on shares of Centerra Gold from C$10.50 to C$13.00 and gave the stock a hold rating in a research note on Monday, February 28th. CIBC cut their price target on shares of Centerra Gold from C$14.00 to C$13.75 in a research note on Friday, March 25th. Raymond James boosted their price target on shares of Centerra Gold from C$14.00 to C$15.00 and gave the stock a market perform rating in a research note on Wednesday. Finally, Canaccord Genuity Group cut their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Wednesday, January 19th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from, the company presently has a consensus rating of Buy and an average price target of C$12.85.

TSE CG opened at C$12.09 on Wednesday. The company’s 50 day moving average is C$12.35 and its 200-day moving average is C$10.71. Centerra Gold has a 12-month low of C$8.21 and a 12-month high of C$13.52. The company has a quick ratio of 4.51, a current ratio of 5.59 and a debt-to-equity ratio of 0.99. The firm has a market cap of C$3.60 billion and a P/E ratio of -7.37.

Centerra Gold (TSE:CGGet Rating) last posted its quarterly earnings results on Friday, February 25th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.02). The firm had revenue of C$316.57 million for the quarter. Equities analysts expect that Centerra Gold will post 1.11 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.32%. Centerra Gold’s dividend payout ratio (DPR) is -11.67%.

Centerra Gold Company Profile (Get Rating)

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 include the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt Gold Mine located in Turkey.

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