Centerra Gold Inc. (TSE:CG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Centerra Gold Inc. (TSE:CGGet Free Report) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$27.36.

A number of brokerages have issued reports on CG. Desjardins increased their target price on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada boosted their target price on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th.

View Our Latest Report on CG

Insiders Place Their Bets

In other Centerra Gold news, Director Eric Dell sold 7,827 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of C$22.97, for a total transaction of C$179,786.19. Also, Director Paul Nicholas Wright acquired 5,000 shares of Centerra Gold stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the purchase, the director directly owned 130,000 shares of the company’s stock, valued at C$2,900,300. The trade was a 4.00% increase in their ownership of the stock. Insiders sold a total of 10,252 shares of company stock worth $235,442 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Centerra Gold Stock Performance

Shares of CG stock traded down C$0.70 during trading hours on Tuesday, hitting C$22.80. The stock had a trading volume of 290,096 shares, compared to its average volume of 943,958. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.41 and a quick ratio of 3.24. The firm has a market capitalization of C$4.53 billion, a PE ratio of 7.35, a PEG ratio of 1.26 and a beta of 1.83. The stock’s 50 day moving average is C$23.53 and its 200 day moving average is C$23.93. Centerra Gold has a twelve month low of C$9.25 and a twelve month high of C$28.97.

Centerra Gold (TSE:CGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The firm had revenue of C$673.87 million for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Centerra Gold’s payout ratio is currently 6.52%.

About Centerra Gold

(Get Free Report)

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.

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Analyst Recommendations for Centerra Gold (TSE:CG)

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