Brokerages Set Centerra Gold Inc. (TSE:CG) Target Price at C$27.36

Shares of Centerra Gold Inc. (TSE:CG) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$27.36.

Several analysts have weighed in on CG shares. Royal Bank Of Canada upped their target price on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Desjardins upped their target price on Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a report on Thursday, April 23rd.

Insider Activity at Centerra Gold

In related news, Director Paul Nicholas Wright acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the completion of the purchase, 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 ownership of the stock. Also, Director Eric Dell sold 1,220 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total value of C$27,962.40. Over the last quarter, insiders bought 5,024 shares of company stock worth $112,123 and sold 10,252 shares worth $235,442. 0.21% of the stock is owned by corporate insiders.

Centerra Gold Trading Down 4.6%

Shares of CG opened at C$23.46 on Friday. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09. The firm’s 50-day moving average is C$24.37 and its two-hundred day moving average is C$23.57. Centerra Gold has a twelve month low of C$9.25 and a twelve month high of C$28.97. The firm has a market capitalization of C$4.66 billion, a P/E ratio of 7.57, a PEG ratio of 1.26 and a beta of 1.76.

Centerra Gold (TSE:CG) last posted 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 for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.

Centerra Gold Dividend Announcement

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

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.