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

Centerra Gold Inc. (TSE:CG) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$31.43.

A number of brokerages have weighed in on CG. Canadian Imperial Bank of Commerce raised their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday, July 30th. ATB Cormark Capital Markets upped 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 report on Thursday, July 30th. TD upped their price target on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Raymond James Financial increased their price target on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a research note on Thursday, July 30th.

Centerra Gold Trading Up 0.3%

CG opened at C$30.96 on Thursday. The company has a market cap of C$6.06 billion, a P/E ratio of 9.89, a PEG ratio of 1.26 and a beta of 1.69. 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 company’s 50 day moving average is C$31.40 and its 200-day moving average is C$26.76. 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 released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$629.00 million during the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%.

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. The ex-dividend date was Wednesday, August 19th. This represents a $0.28 annualized dividend and a yield of 0.9%. Centerra Gold’s dividend payout ratio (DPR) is currently 6.45%.

Insider Transactions at Centerra Gold

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

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.