Centerra Gold (TSE:CG) Director Wendy Wai Ting Kei Acquires 1,000 Shares

Centerra Gold Inc. (TSE:CG) Director Wendy Wai Ting Kei bought 1,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of C$29.76 per share, with a total value of C$29,760.00. Following the completion of the transaction, the director owned 5,172 shares in the company, valued at approximately 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 acquired 12 shares of Centerra Gold stock. The stock was acquired at an average price of C$23.74 per share, for a total transaction of C$284.88.

Centerra Gold Stock Performance

Shares of Centerra Gold stock opened at C$29.88 on Friday. The firm’s 50-day moving average is C$23.97 and its 200 day moving average is C$24.59. 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 debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The stock has a market cap of C$5.84 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.26 and a beta of 1.83.

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

Centerra Gold Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.28 dividend on an annualized basis and a yield of 0.9%. Centerra Gold’s dividend payout ratio is presently 6.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CG shares. Desjardins raised their price target on 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. 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, July 30th. Raymond James Financial boosted 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 note on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Finally, TD upped their target price on Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Centerra Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$28.17.

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 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.