Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$27.36.

A number of research analysts have recently commented on CG shares. Royal Bank Of Canada boosted their price target on shares of Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Desjardins lifted their price objective on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd.

Insider Transactions at Centerra Gold

In other news, Director Eric Dell sold 1,220 shares of Centerra Gold stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of C$22.92, for a total transaction of C$27,962.40. Also, Director Paul Nicholas Wright acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the acquisition, the director directly owned 130,000 shares of the company’s stock, valued at C$2,900,300. This represents a 4.00% increase in their position. In the last quarter, insiders have bought 5,024 shares of company stock valued at $112,123 and have sold 10,252 shares valued at $235,442. Company insiders own 0.21% of the company’s stock.

Centerra Gold Price Performance

CG stock opened at C$21.80 on Friday. The firm has a 50 day moving average of C$24.55 and a 200-day moving average of C$23.36. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09. Centerra Gold has a 12 month low of C$9.25 and a 12 month high of C$28.97. The firm has a market capitalization of C$4.33 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.76.

Centerra Gold (TSE:CG) last posted its earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share for the quarter. Centerra Gold had a net margin of 41.28% and a return on equity of 32.55%. The business had revenue of C$673.87 million for the quarter.

Centerra Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Centerra Gold’s dividend payout ratio (DPR) is presently 6.52%.

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 Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.