Centerra Gold (TSE:CG) Director Paul Nicholas Wright Acquires 5,000 Shares

Centerra Gold Inc. (TSE:CGGet Free Report) Director Paul Nicholas Wright purchased 5,000 shares of Centerra Gold stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the transaction, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their position.

Centerra Gold Price Performance

Shares of CG traded up C$0.58 during mid-day trading on Wednesday, reaching C$22.99. 410,080 shares of the company’s stock were exchanged, compared to its average volume of 997,719. The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The company has a 50-day simple moving average of C$24.92 and a two-hundred day simple moving average of C$22.60. Centerra Gold Inc. has a 52-week low of C$9.25 and a 52-week high of C$28.97. The company has a market cap of C$4.57 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.26 and a beta of 1.86.

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

Centerra Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is 6.52%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. TD Securities lifted their price target on shares of Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Desjardins lifted their price target 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 lifted their price target on shares of Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Finally, Raymond James Financial lifted their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$27.36.

Check Out Our Latest Research Report on CG

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.

Further Reading

Insider Buying and Selling by Quarter for Centerra Gold (TSE:CG)

Receive News & Ratings for Centerra Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerra Gold and related companies with MarketBeat.com's FREE daily email newsletter.