Centerra Gold (TSE:CG) Director Acquires C$111,550.00 in Stock

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the transaction, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. The trade was a 4.00% increase in their position.

Centerra Gold Stock Up 2.6%

Shares of CG traded up C$0.58 during midday trading on Wednesday, hitting C$22.99. The company had a trading volume of 410,080 shares, compared to its average volume of 997,719. The company’s 50 day moving average price is C$24.92 and its 200 day moving average price is C$22.60. The stock has a market cap of C$4.57 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.26 and a beta of 1.86. Centerra Gold Inc. has a 52 week low of C$9.25 and a 52 week 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.

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

Centerra Gold Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Desjardins boosted their target price on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. TD Securities boosted their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Finally, BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and an average target price of C$27.36.

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.