Centerra Gold Inc. (TSE:CG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat.com 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 brokerages that have issued a report on the stock in the last year is C$27.36.

Separately, Desjardins raised their price objective 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.

Centerra Gold Trading Down 2.3%

Shares of Centerra Gold stock opened at C$22.45 on Tuesday. 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 twelve month low of C$9.25 and a twelve month high of C$28.97. The firm has a market capitalization of C$4.46 billion, a PE ratio of 7.24, a P/E/G ratio of 1.26 and a beta of 1.83. The firm’s 50-day moving average price is C$23.33 and its 200 day moving average price is C$24.02.

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

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, May 21st. Centerra Gold’s dividend payout ratio is 6.52%.

Insider Activity

In other Centerra Gold news, Director Paul Nicholas Wright acquired 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the acquisition, the director owned 130,000 shares in the company, valued at approximately C$2,900,300. The trade was a 4.00% increase in their ownership of the stock. Also, Director Eric Dell sold 1,220 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total transaction of C$27,962.40. In the last ninety days, insiders have sold 10,252 shares of company stock valued at $235,442. 0.21% of the stock is owned by corporate insiders.

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 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.