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

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

Centerra Gold Price Performance

Shares of TSE CG opened at C$31.76 on Tuesday. The firm has a market cap of C$6.21 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. The business’s 50 day moving average is C$26.02 and its 200-day moving average is C$25.16. The company has a current ratio of 2.42, a quick ratio of 3.24 and a debt-to-equity ratio of 2.11. Centerra Gold Inc. has a 1-year low of C$10.80 and a 1-year high of C$33.94.

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

Centerra Gold Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on CG shares. TD increased their target price on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday, July 30th. Raymond James Financial boosted their price target on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th. Finally, ATB Cormark Capital Markets increased 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 report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Centerra Gold presently has an average rating of “Moderate Buy” and an average price target 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.