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Insider Selling: Centerra Gold Inc. (TSE:CG) Senior Officer Sells 12,500 Shares of Stock

Posted on Tuesday, June 30th, 2020 by MarketBeat

Centerra Gold Inc. (TSE:CG) Senior Officer Darren Millman sold 12,500 shares of the company's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of C$14.93, for a total value of C$186,625.00. Following the transaction, the insider now owns 13,306 shares of the company's stock, valued at approximately C$198,658.58.

Shares of TSE CG traded up C$0.08 during trading on Tuesday, reaching C$15.15. The company had a trading volume of 1,364,336 shares, compared to its average volume of 996,937. Centerra Gold Inc. has a 12-month low of C$5.52 and a 12-month high of C$15.34. The stock has a market cap of $4.43 billion and a PE ratio of -34.62. The business's 50-day moving average is C$13.59 and its 200 day moving average is C$10.76. The company has a quick ratio of 1.17, a current ratio of 4.32 and a debt-to-equity ratio of 7.52.

Centerra Gold (TSE:CG) last released its earnings results on Friday, May 1st. The company reported C$0.22 EPS for the quarter, missing analysts' consensus estimates of C$0.26 by C($0.04). The firm had revenue of C$502.07 million during the quarter. On average, analysts anticipate that Centerra Gold Inc. will post 1.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were paid a $0.04 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.06%. Centerra Gold's dividend payout ratio is currently -6.48%.

A number of equities analysts recently commented on CG shares. Scotiabank upgraded Centerra Gold from a "sector perform" rating to an "outperform" rating in a report on Monday, May 4th. National Bank Financial upped their price target on Centerra Gold from C$14.50 to C$15.00 and gave the stock an "outperform" rating in a research note on Friday, May 22nd. Canaccord Genuity upped their price target on Centerra Gold from C$16.00 to C$17.50 in a research note on Wednesday, May 20th. Bank of America reduced their price target on Centerra Gold from C$14.00 to C$12.00 in a research note on Wednesday, March 4th. Finally, CIBC raised Centerra Gold from a "neutral" rating to an "outperform" rating and upped their price target for the stock from C$14.00 to C$17.00 in a research note on Monday, June 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and an average price target of C$14.94.

About Centerra Gold

Centerra Gold Inc, a gold mining and exploration company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Asia, and internationally. Its flagship projects include the 100% owned Kumtor gold mine located in the Kyrgyz Republic; and the Mount Milligan gold-copper mine located in British Columbia, Canada.

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Insider Buying and Selling by Quarter for Centerra Gold (TSE:CG)

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