Centerra Gold Inc. (TSE:CG – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$27.36.
Several brokerages have recently commented on CG. Canadian Imperial Bank of Commerce increased their price objective on Centerra Gold from C$30.00 to C$37.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Finally, Desjardins increased their price objective on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd.
Centerra Gold Trading Down 0.9%
Centerra Gold (TSE:CG – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The company 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Centerra Gold’s dividend payout ratio is 6.52%.
Insider Activity at Centerra Gold
In other news, Director Eric Dell sold 1,220 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$22.92, for a total value of C$27,962.40. Also, Director Paul Nicholas Wright acquired 5,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the purchase, the director owned 130,000 shares of the company’s stock, valued at approximately C$2,900,300. The trade was a 4.00% increase in their ownership of the stock. Over the last three months, insiders sold 10,252 shares of company stock valued at $235,442. Company insiders own 0.21% of the company’s stock.
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 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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