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

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$27.36.

Several analysts have recently commented on CG shares. Royal Bank Of Canada increased their price target on shares of Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Desjardins upped 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.

Centerra Gold Stock Performance

CG stock traded down C$0.70 on Tuesday, reaching C$22.80. 290,096 shares of the company were exchanged, compared to its average volume of 943,958. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.41 and a quick ratio of 3.24. The stock’s fifty day moving average price is C$23.53 and its 200 day moving average price is C$23.93. Centerra Gold has a 12 month low of C$9.25 and a 12 month high of C$28.97. The firm has a market capitalization of C$4.53 billion, a PE ratio of 7.35, a PEG ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG) last announced its quarterly earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. The firm 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 Dividend Announcement

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

Insider Buying and Selling at Centerra Gold

In related news, Director Eric Dell sold 7,827 shares of Centerra Gold stock in a transaction dated 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 acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the acquisition, 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. Insiders have sold 10,252 shares of company stock worth $235,442 in the last ninety days. 0.21% of the stock is currently 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.