Centerra Gold Inc. (TSE:CG) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst sentiment is moderately positive: Four of seven analysts rate Centerra Gold a buy, while three recommend holding the stock. The consensus 12-month price target is C$31.43.
• Recent analyst updates raised price targets, including TD’s increase to C$32 and CIBC’s to C$38; however, ATB Cormark and Raymond James maintained “sector perform” or “market perform” ratings.
• Centerra Gold reported quarterly EPS of C$0.55 on C$629 million in revenue, with a 37.72% net margin, and paid a quarterly dividend of $0.07 per share, representing a 0.9% yield.

Shares of Centerra Gold Inc. (TSE:CG - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$31.43.

Several equities analysts have issued reports on CG shares. Canadian Imperial Bank of Commerce boosted their target price on Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday, July 30th. ATB Cormark Capital Markets increased their target price on 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. TD raised their price target on Centerra Gold from C$31.00 to C$32.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Raymond James Financial lifted their price target on Centerra Gold from C$28.00 to C$29.00 and gave the company a "market perform" rating in a research note on Thursday, July 30th.

Insider Buying and Selling at Centerra Gold

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

Centerra Gold Trading Down 3.4%

TSE CG opened at C$29.98 on Thursday. The stock has a market capitalization of C$5.86 billion, a P/E ratio of 9.58, a P/E/G ratio of 1.26 and a beta of 1.69. Centerra Gold has a 52-week low of C$14.65 and a 52-week high of C$33.94. The firm has a 50-day moving average price of C$31.25 and a 200 day moving average price of C$26.53. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

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. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%. The firm had revenue of C$629.00 million during the quarter.

Centerra Gold Dividend Announcement

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

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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