Centerra Gold (TSE:CG) Insider Yousef Rehman Sells 57,636 Shares

Centerra Gold Inc. (TSE:CG) insider Yousef Rehman sold 57,636 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of C$33.50, for a total value of C$1,930,806.00. Following the transaction, the insider owned 77,918 shares in the company, valued at C$2,610,253. This trade represents a 42.52% decrease in their ownership of the stock.

Centerra Gold Trading Down 2.9%

TSE:CG traded down C$0.95 during mid-day trading on Monday, reaching C$31.64. The company’s stock had a trading volume of 182,391 shares, compared to its average volume of 895,065. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The stock has a market cap of C$6.19 billion, a P/E ratio of 10.11, a P/E/G ratio of 1.26 and a beta of 1.83. The company’s fifty day simple moving average is C$25.85 and its two-hundred day simple moving average is C$25.12. Centerra Gold Inc. has a twelve month low of C$10.80 and a twelve month high of C$33.94.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%. The business had revenue of C$629.00 million for the quarter.

Centerra Gold Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is 6.45%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James Financial upped their price objective on Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. TD lifted their target price on Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price target on Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday, July 30th. Finally, ATB Cormark Capital Markets upped their price target on Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Centerra Gold presently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.17.

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 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.