Insider Buying: Centerra Gold (TSE:CG) Director Buys C$29,760.00 in Stock

Key Points

• Insider buying: Centerra Gold Director Wendy Wai Ting Kei purchased 1,000 shares for C$29,760, increasing her ownership by 23.97% to 5,172 shares.
• Market and financial performance: The stock traded near C$29.70, close to its 52-week high of C$31.08. Centerra reported quarterly earnings of C$0.55 per share on C$629 million in revenue, with a 37.72% net margin.
• Dividend and analyst outlook: The company declared a quarterly dividend of C$0.07, equal to a 0.9% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of C$28.17.

Centerra Gold Inc. (TSE:CG - Get Free Report) Director Wendy Wai Ting Kei purchased 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of C$29.76 per share, with a total value of C$29,760.00. Following the completion of the acquisition, the director owned 5,172 shares of the company's stock, valued at approximately C$153,918.72. This trade represents a 23.97% increase in their ownership of the stock.

Wendy Wai Ting Kei also recently made the following trade(s):

• On Thursday, June 4th, Wendy Wai Ting Kei acquired 12 shares of Centerra Gold stock. The stock was purchased at an average cost of C$23.74 per share, for a total transaction of C$284.88.

Centerra Gold Stock Performance

Centerra Gold stock traded up C$0.12 during trading hours on Friday, reaching C$29.70. 274,347 shares of the stock were exchanged, compared to its average volume of 907,853. The stock has a market cap of C$5.81 billion, a P/E ratio of 9.49, a P/E/G ratio of 1.26 and a beta of 1.83. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. Centerra Gold Inc. has a 52-week low of C$9.66 and a 52-week high of C$31.08. The firm's 50 day moving average is C$23.80 and its 200 day moving average is C$24.55.

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

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's dividend payout ratio (DPR) is currently 6.45%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. ATB Cormark Capital Markets upped their price objective on Centerra Gold from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. Desjardins raised their target price on Centerra Gold from C$30.00 to C$33.00 and gave the company a "hold" rating in a report on Thursday, April 23rd. Raymond James Financial boosted their target price 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. Canadian Imperial Bank of Commerce upped their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Finally, TD increased their price target on shares of Centerra Gold from C$31.00 to C$32.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Centerra Gold has an average rating of "Moderate Buy" and an average target price of C$28.17.

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 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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