Centerra Gold Inc. (TSE:CG) Stock Has Average Target Price of C$31.43 According to Brokerages

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$31.43.

Several analysts recently commented on CG shares. ATB Cormark Capital Markets boosted their price target on Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. TD upped their price target 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. Canadian Imperial Bank of Commerce increased their price objective on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Finally, Raymond James Financial lifted their price objective on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Thursday, July 30th.

Centerra Gold Stock Down 0.9%

TSE CG opened at C$30.92 on Thursday. 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 stock’s 50 day moving average is C$31.37 and its two-hundred day moving average is C$26.68. The company has a market capitalization of C$6.05 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.26 and a beta of 1.69. Centerra Gold has a 1-year low of C$14.65 and a 1-year high of C$33.94.

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

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were issued a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Centerra Gold’s dividend payout ratio is presently 6.45%.

Insider Activity

In other news, Director Wendy Wai Ting Kei bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of C$29.76 per share, for a total transaction of C$29,760.00. Following the transaction, the director directly owned 5,172 shares of the company’s stock, valued at C$153,918.72. This trade represents a 23.97% increase in their position. Also, insider Yousef Rehman sold 57,636 shares of Centerra Gold stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$33.50, for a total transaction of C$1,930,806.00. Following the transaction, the insider directly owned 77,918 shares of the company’s stock, valued at C$2,610,253. This represents a 42.52% decrease in their ownership of the stock. 0.21% of the stock is currently owned by corporate insiders.

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.