Centerra Gold Inc. (TSE:CG) Senior Officer Sells C$299,757.60 in Stock

Centerra Gold Inc. (TSE:CG) Senior Officer Claudia D’orazio sold 29,388 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60.

Centerra Gold Stock Up 0.8 %

Shares of TSE CG opened at C$9.79 on Wednesday. Centerra Gold Inc. has a 12-month low of C$6.07 and a 12-month high of C$10.54. The company has a market capitalization of C$2.08 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24. The firm’s 50-day moving average is C$9.40 and its two-hundred day moving average is C$9.05.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.22 by C$0.09. The business had revenue of C$386.27 million for the quarter. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Thursday, August 15th. Centerra Gold’s payout ratio is 34.15%.

Analysts Set New Price Targets

A number of research firms recently commented on CG. CIBC downgraded shares of Centerra Gold from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Cibc World Mkts downgraded shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Raymond James decreased their price objective on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a report on Monday. Canaccord Genuity Group boosted their price objective on shares of Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. Finally, National Bankshares upped their price target on shares of Centerra Gold from C$11.25 to C$12.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$11.83.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.