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

Shares of Centerra Gold Inc. (TSE:CG) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$27.36.

CG has been the subject of several research reports. Royal Bank Of Canada upped their target price on Centerra Gold from C$22.00 to C$31.00 in a research note on Thursday, March 12th. Desjardins lifted 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 note on Thursday, April 23rd.

Insiders Place Their Bets

In other Centerra Gold news, Director Paul Nicholas Wright purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$22.31 per share, for a total transaction of C$111,550.00. Following the completion of the transaction, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. This represents a 4.00% increase in their position. Also, Director Eric Dell sold 7,827 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of C$22.97, for a total value of C$179,786.19. In the last quarter, insiders purchased 5,024 shares of company stock worth $112,123 and sold 10,252 shares worth $235,442. 0.21% of the stock is owned by company insiders.

Centerra Gold Trading Up 6.3%

Shares of CG stock opened at C$21.80 on Friday. 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 business has a 50-day moving average price of C$24.55 and a two-hundred day moving average price of C$23.36. Centerra Gold has a 12-month low of C$9.25 and a 12-month high of C$28.97. The firm has a market cap of C$4.33 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 1.26 and a beta of 1.76.

Centerra Gold (TSE:CG) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$0.61 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 firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.28 annualized dividend and a dividend yield of 1.3%. Centerra Gold’s dividend payout ratio (DPR) is currently 6.52%.

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.