Centerra Gold (TSE:CG) Director Purchases C$111,550.00 in Stock

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the acquisition, the director owned 130,000 shares of the company’s stock, valued at C$2,900,300. This represents a 4.00% increase in their position.

Centerra Gold Trading Down 0.9%

TSE:CG opened at C$22.74 on Friday. Centerra Gold Inc. has a 52-week low of C$9.25 and a 52-week high of C$28.97. The company has a quick ratio of 3.24, a current ratio of 2.41 and a debt-to-equity ratio of 2.09. The stock has a fifty day simple moving average of C$24.74 and a 200-day simple moving average of C$22.69. The company has a market capitalization of C$4.52 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86.

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

Centerra Gold Dividend Announcement

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

Wall Street Analyst Weigh In

CG has been the topic of a number of recent research reports. Desjardins lifted their price target on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on shares of Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$27.36.

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 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.