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

Shares of Centerra Gold Inc. (TSE:CG) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$27.36.

CG has been the topic of a number of recent research reports. Desjardins boosted their price target on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce lifted their price objective on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Raymond James Financial lifted their price objective on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 21st. TD Securities lifted their price objective on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Finally, BMO Capital Markets upgraded Centerra Gold from a “hold” rating to an “outperform” rating in a research report on Tuesday, January 20th.

Insider Transactions at Centerra Gold

In related news, Director Eric Dell sold 1,220 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$22.92, for a total transaction of C$27,962.40. Insiders have sold 10,252 shares of company stock worth $235,442 in the last ninety days. 0.21% of the stock is currently owned by company insiders.

Centerra Gold Stock Performance

CG opened at C$23.50 on Monday. The firm has a market capitalization of C$4.67 billion, a PE ratio of 7.58, a PEG ratio of 1.26 and a beta of 1.86. Centerra Gold has a twelve month low of C$8.88 and a twelve month high of C$28.97. The firm’s 50-day moving average price is C$25.02 and its 200 day moving average price is C$22.50. The company has a current ratio of 2.41, a quick ratio of 3.24 and a debt-to-equity ratio of 2.09.

Centerra Gold (TSE:CG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$673.87 million for the quarter. Centerra Gold had a net margin of 41.28% and a return on equity of 32.55%.

Centerra Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, June 4th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is presently 6.52%.

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 Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.