Centerra Gold (TSE:CG) Director Buys C$29,760.00 in Stock

Centerra Gold Inc. (TSE:CG) Director Wendy Wai Ting Kei acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the purchase, the director directly owned 5,172 shares in the company, valued at C$153,918.72. This trade represents a 23.97% increase in their position.

Wendy Wai Ting Kei also recently made the following trade(s):

• On Thursday, June 4th, Wendy Wai Ting Kei bought 12 shares of Centerra Gold stock. The shares were acquired at an average price of C$23.74 per share, for a total transaction of C$284.88.

Centerra Gold Stock Performance

CG stock opened at C$29.88 on Monday. Centerra Gold Inc. has a 1-year low of C$9.66 and a 1-year high of C$31.08. The company has a current ratio of 2.42, a quick ratio of 3.24 and a debt-to-equity ratio of 2.11. The firm has a market cap of C$5.84 billion, a PE ratio of 9.55, a P/E/G ratio of 1.26 and a beta of 1.83. The business’s 50-day moving average price is C$23.97 and its two-hundred day moving average price is C$24.58.

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

Centerra Gold Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on CG shares. 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 note on Thursday, July 30th. Raymond James Financial increased their price objective on shares of Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. TD raised 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, July 30th. ATB Cormark Capital Markets boosted their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Finally, Desjardins upped 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 note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.