Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$28.17.
A number of brokerages recently commented on CG. TD lifted their price objective on Centerra Gold from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce raised their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Raymond James Financial lifted 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. Finally, ATB Cormark Capital Markets boosted their price target on shares of 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.
Check Out Our Latest Analysis on Centerra Gold
Centerra Gold Stock Up 2.8%
TSE:CG opened at C$33.45 on Wednesday. The stock's fifty day moving average price is C$25.29 and its two-hundred day moving average price is C$24.92. Centerra Gold has a 52-week low of C$10.64 and a 52-week high of C$33.59. 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 company has a market cap of C$6.54 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.26 and a beta of 1.83.
Centerra Gold (TSE:CG - Get Free Report) last released its earnings results 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 will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's payout ratio is currently 6.45%.
Insider Buying and Selling
In other Centerra Gold news, Director Wendy Wai Ting Kei bought 1,000 shares of the company's stock in a transaction on Thursday, August 13th. The stock was bought at an average price of C$29.76 per share, for a total transaction of C$29,760.00. Following the transaction, the director owned 5,172 shares of the company's stock, valued at approximately C$153,918.72. The trade was a 23.97% increase in their position. Corporate insiders own 0.21% of the company's stock.
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 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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