Centerra Gold Inc. Plans Quarterly Dividend of $0.07 (TSE:CG)

Centerra Gold Inc. (TSE:CG - Get Free Report) declared a quarterly dividend on Thursday, May 22nd, TickerTech Dividends reports. Stockholders of record on Thursday, June 5th will be given a dividend of 0.07 per share on Thursday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, May 22nd.

Centerra Gold Price Performance

CG opened at C$9.06 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold has a 52-week low of C$7.72 and a 52-week high of C$10.59. The stock has a market capitalization of C$1.36 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The stock's 50 day moving average price is C$9.05 and its 200-day moving average price is C$8.75.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D'orazio sold 3,831 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$31,720.68. Also, Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CG shares. Raymond James upped their price target on Centerra Gold from C$12.00 to C$13.50 in a research note on Friday, April 4th. National Bankshares increased their target price on Centerra Gold from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research note on Wednesday, March 19th. TD Securities cut their target price on Centerra Gold from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. National Bank Financial raised Centerra Gold to a "strong-buy" rating in a research note on Friday, March 21st. Finally, CIBC increased their target price on Centerra Gold from C$9.80 to C$10.30 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$11.83.

Centerra Gold Company Profile

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 are 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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