Centerra Gold Inc. (TSE:CG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$27.36.

Several equities research analysts have recently weighed in on the company. Desjardins upped 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. Royal Bank Of Canada boosted their target price on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th.

Centerra Gold Trading Up 4.3%

CG stock opened at C$24.72 on Friday. Centerra Gold has a 1-year low of C$9.25 and a 1-year high of C$28.97. The firm has a market cap of C$4.91 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.26 and a beta of 1.76. The business’s 50 day moving average is C$24.44 and its 200-day moving average is C$23.49. 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 (TSE:CG) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.61 earnings per share for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.The company had revenue of C$673.87 million for the quarter.

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 issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s payout ratio is presently 6.52%.

Insider Activity at Centerra Gold

In other news, Director Eric Dell sold 7,827 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total value of C$179,786.19. Also, Director Paul Nicholas Wright bought 5,000 shares of Centerra Gold stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the acquisition, the director directly owned 130,000 shares in the company, valued at C$2,900,300. This represents a 4.00% increase in their ownership of the stock. Over the last three months, insiders bought 5,024 shares of company stock worth $112,123 and sold 10,252 shares worth $235,442. 0.21% of the stock is owned by 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.