Paul Nicholas Wright Buys 5,000 Shares of Centerra Gold (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright purchased 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of C$22.31 per share, for a total transaction of C$111,550.00. Following the transaction, the director directly owned 130,000 shares of the company’s stock, valued at approximately C$2,900,300. This represents a 4.00% increase in their ownership of the stock.

Centerra Gold Trading Up 0.3%

TSE CG opened at C$22.94 on Friday. The stock’s 50-day simple moving average is C$24.80 and its two-hundred day simple moving average is C$22.69. Centerra Gold Inc. has a twelve month low of C$9.25 and a twelve month high of C$28.97. The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The company has a market capitalization of C$4.56 billion, a price-to-earnings ratio of 7.40, a PEG ratio of 1.26 and a beta of 1.86.

Centerra Gold (TSE:CG) last released its quarterly earnings results 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 business had revenue of C$673.87 million for the quarter.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold’s dividend payout ratio (DPR) is presently 6.52%.

Analysts Set New Price Targets

Several research analysts have recently commented on CG shares. Desjardins lifted their price objective on Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. TD Securities lifted their price objective on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.36.

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.