Shares of Centerra Gold Inc. (TSE:CG – Get Free Report) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities 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 analysts that have issued a report on the stock in the last year is C$29.94.
Several equities analysts recently issued reports on the company. ATB Cormark Capital Markets raised their price objective on Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. TD boosted their target price on shares of Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Finally, Raymond James Financial raised their price target on shares of Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th.
Get Our Latest Research Report on CG
Centerra Gold Trading Down 1.0%
Centerra Gold (TSE:CG – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.The company had revenue of C$629.00 million during the quarter.
Centerra Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, September 2nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Centerra Gold’s dividend payout ratio is currently 6.45%.
Insider Activity
In other Centerra Gold news, insider Yousef Rehman sold 57,636 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$33.50, for a total value of C$1,930,806.00. Following the transaction, the insider owned 77,918 shares of the company’s stock, valued at C$2,610,253. This trade represents a 42.52% decrease in their ownership of the stock. Also, Director Wendy Wai Ting Kei bought 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the acquisition, the director directly owned 5,172 shares of the company’s stock, valued at C$153,918.72. The trade was a 23.97% increase in their ownership of the stock. 0.21% of the stock is owned by corporate insiders.
Centerra Gold Company Profile
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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.
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