Centerra Gold Inc. (TSE:CG) Receives C$29.94 Average Price Target from Brokerages

Centerra Gold Inc. (TSE:CG) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$29.94.

Several research firms have recently weighed in on CG. Raymond James Financial boosted their price target on 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 lifted their price objective on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. TD boosted their target price on 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. Finally, ATB Cormark Capital Markets lifted their price target on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th.

Insider Activity

In other news, insider Yousef Rehman sold 57,636 shares of the 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 transaction, the insider owned 77,918 shares in the company, valued at C$2,610,253. This represents a 42.52% decrease in their position. Also, Director Wendy Wai Ting Kei acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the acquisition, the director owned 5,172 shares of the company’s stock, valued at C$153,918.72. The trade was a 23.97% increase in their position. Company insiders own 0.21% of the company’s stock.

Centerra Gold Trading Up 2.7%

Shares of TSE CG opened at C$33.09 on Friday. The firm’s 50 day moving average price is C$28.78 and its 200-day moving average price is C$25.74. Centerra Gold has a 52-week low of C$13.42 and a 52-week high of C$33.94. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. The company has a market cap of C$6.47 billion, a PE ratio of 10.57, a P/E/G ratio of 1.26 and a beta of 1.96.

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

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Centerra Gold’s dividend payout ratio (DPR) is presently 6.45%.

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.