Centerra Gold Inc. (TSE:CG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Centerra Gold Inc. (TSE:CG) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$28.17.

Several research firms have commented on CG. ATB Cormark Capital Markets lifted their price target on Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a report on Thursday. TD increased their price objective on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday. Desjardins increased their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Raymond James Financial boosted their target price on shares of Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a report on Thursday.

Centerra Gold Price Performance

CG stock opened at C$24.10 on Friday. The stock has a market capitalization of C$4.71 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. Centerra Gold has a 52-week low of C$9.25 and a 52-week high of C$28.97. The stock’s fifty day simple moving average is C$22.99 and its 200-day simple moving average is C$24.24.

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

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, June 4th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. Centerra Gold’s payout ratio is currently 6.45%.

Insiders Place Their Bets

In other news, Director Eric Dell sold 1,220 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of C$22.92, for a total transaction of C$27,962.40. Also, Director Paul Nicholas Wright bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the transaction, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their position. Over the last 90 days, insiders have sold 10,252 shares of company stock valued at $235,442. Insiders own 0.21% of the company’s stock.

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.