Insider Selling: Centerra Gold (TSE:CG) Insider Sells 15,980 Shares of Company Stock

Key Points

• Centerra Gold insider Lisa Wilkinson sold 15,980 shares on November 6 at C$30.92 each, for about C$494,102. After the sale, she held 9,539 shares, a 62.62% reduction in her position.
• Centerra announced a quarterly dividend of C$0.07 per share, equivalent to C$0.28 annually and a 0.9% yield; the ex-dividend date is November 19.
• Analysts’ consensus rating is Hold, with a consensus price target of C$31.43. The shares traded at C$32.40 on Monday.

Centerra Gold Inc. (TSE:CG - Get Free Report) insider Lisa Wilkinson sold 15,980 shares of the stock in a transaction on Friday, November 6th. The stock was sold at an average price of C$30.92, for a total value of C$494,101.60. Following the completion of the transaction, the insider directly owned 9,539 shares of the company's stock, valued at approximately C$294,945.88. The trade was a 62.62% decrease in their position.

Lisa Wilkinson also recently made the following trade(s):

• On Friday, November 6th, Lisa Wilkinson sold 8,007 shares of Centerra Gold stock. The shares were sold at an average price of C$30.92, for a total transaction of C$247,576.44.
• On Friday, November 6th, Lisa Wilkinson sold 15,743 shares of Centerra Gold stock. The shares were sold at an average price of C$30.92, for a total transaction of C$486,773.56.

Centerra Gold Price Performance

CG stock traded up C$1.59 during trading on Monday, hitting C$32.40. The company had a trading volume of 210,468 shares, compared to its average volume of 832,219. The business has a 50 day moving average of C$30.76 and a 200 day moving average of C$26.48. The firm has a market capitalization of C$6.27 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.26 and a beta of 1.79. The company has a current ratio of 2.07, a quick ratio of 3.24 and a debt-to-equity ratio of 1.94. Centerra Gold Inc. has a fifty-two week low of C$16.00 and a fifty-two week high of C$33.94.

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $0.28 annualized dividend and a yield of 0.9%. Centerra Gold's payout ratio is presently 9.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CG shares. Raymond James Financial upped their target price on 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. TD boosted their price objective on Centerra Gold from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. ATB Cormark Capital Markets upped their price objective on Centerra Gold from C$26.00 to C$27.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their target price on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Finally, Desjardins dropped their price target on shares of Centerra Gold from C$34.00 to C$33.00 and set a "hold" rating on the stock in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$31.43.

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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