Centerra Gold Inc. (TSE:CG) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Centerra Gold, with four buy ratings and three holds. The average 12-month price target is C$29.94, while several brokerages recently raised their individual targets.
• Centerra Gold reported quarterly earnings of C$0.55 per share on revenue of C$629 million, alongside a 37.72% net margin and 30.90% return on equity.
• The company paid a quarterly dividend of C$0.07 per share, equivalent to an annualized C$0.28 and a 0.9% yield. Recent insider activity included a director purchase, while another insider sold 57,636 shares.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat 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 12-month price target among brokers that have updated their coverage on the stock in the last year is C$29.94.

Several brokerages have recently commented on CG. Canadian Imperial Bank of Commerce upped their target price on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. TD upped their price objective 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. ATB Cormark Capital Markets lifted their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Finally, Raymond James Financial upped their price target on shares of Centerra Gold from C$28.00 to C$29.00 and gave the company a "market perform" rating in a research report on Thursday, July 30th.

Centerra Gold Trading Up 1.3%

Shares of TSE:CG opened at C$32.24 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. The stock has a market capitalization of C$6.31 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 1.26 and a beta of 1.96. Centerra Gold has a 1-year low of C$12.73 and a 1-year high of C$33.94. The company has a 50 day moving average price of C$28.37 and a 200 day moving average price of C$25.68.

Centerra Gold (TSE:CG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$629.00 million during the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a $0.07 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. Centerra Gold's dividend payout ratio is presently 6.45%.

Insider Buying and Selling at Centerra Gold

In other Centerra Gold news, Director Wendy Wai Ting Kei purchased 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of C$29.76 per share, for a total transaction of C$29,760.00. Following the completion of the acquisition, the director owned 5,172 shares of the company's stock, valued at C$153,918.72. This represents a 23.97% increase in their position. Also, insider Yousef Rehman sold 57,636 shares of the company's stock in a transaction on 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 directly owned 77,918 shares in the company, valued at C$2,610,253. The trade was a 42.52% decrease in their ownership of the stock. Company insiders own 0.21% of the company's stock.

About Centerra Gold

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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