Centerra Gold (TSE:CG) Insider Yousef Rehman Sells 57,636 Shares of Stock

Key Points

• Insider sale: Yousef Rehman sold 57,636 Centerra Gold shares at C$33.50 each for approximately C$1.93 million, reducing his position by 42.52% to 77,918 shares.
• Stock performance: Centerra Gold shares recently traded at C$31.64, near their 12-month high of C$33.94, with a C$6.19 billion market capitalization. The company reported C$0.55 in quarterly EPS and C$629 million in revenue.
• Analyst outlook and dividend: Analysts’ consensus rating is “Moderate Buy,” although the average price target of C$28.17 is below the recent share price. The company declared a quarterly dividend of $0.07 per share, representing a 0.9% yield.

Centerra Gold Inc. (TSE:CG - Get Free Report) insider Yousef Rehman sold 57,636 shares of Centerra Gold stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of C$33.50, for a total transaction of C$1,930,806.00. Following the transaction, the insider owned 77,918 shares of the company's stock, valued at approximately C$2,610,253. The trade was a 42.52% decrease in their position.

Centerra Gold Price Performance

Shares of TSE CG traded down C$0.95 on Monday, hitting C$31.64. The company's stock had a trading volume of 182,391 shares, compared to its average volume of 895,065. Centerra Gold Inc. has a 12-month low of C$10.80 and a 12-month high of C$33.94. The company has a market capitalization of C$6.19 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The stock has a 50 day moving average of C$25.85 and a 200-day moving average of C$25.12.

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

Centerra Gold Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Raymond James Financial upped their price objective on 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. ATB Cormark Capital Markets boosted their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. TD upped their target price 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. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$28.17.

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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