Centerra Gold (TSE:CG) Insider Sells C$494,101.60 in Stock

Centerra Gold Inc. (TSE:CG) insider Lisa Wilkinson sold 15,980 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of C$30.92, for a total value of C$494,101.60. Following the sale, the insider directly owned 9,539 shares of the company’s stock, valued at approximately C$294,945.88. This represents a 62.62% decrease in their ownership of the stock.

Lisa Wilkinson also recently made the following trade(s):

• On Friday, November 6th, Lisa Wilkinson sold 8,007 shares of Centerra Gold stock. The shares were sold at an average price of C$30.92, for a total value of C$247,576.44.
• On Friday, November 6th, Lisa Wilkinson sold 15,743 shares of Centerra Gold stock. The shares were sold at an average price of C$30.92, for a total value of C$486,773.56.

Centerra Gold Trading Up 5.2%

CG traded up C$1.59 during trading on Monday, reaching C$32.40. The company had a trading volume of 210,468 shares, compared to its average volume of 832,219. The firm’s 50-day simple moving average is C$30.76 and its 200 day simple moving average is C$26.48. The company has a debt-to-equity ratio of 1.94, a quick ratio of 3.24 and a current ratio of 2.07. The company has a market cap of C$6.27 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 1.26 and a beta of 1.79. Centerra Gold Inc. has a 12-month low of C$16.00 and a 12-month high of C$33.94.

Centerra Gold Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, December 2nd will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 19th. Centerra Gold’s dividend payout ratio (DPR) is 9.28%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Desjardins cut their price target on shares of Centerra Gold from C$34.00 to C$33.00 and set a “hold” rating on the stock in a report on Thursday, October 22nd. ATB Cormark Capital Markets lifted their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their target price on shares of Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. TD increased their target price on Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Raymond James Financial increased their target price 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. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Centerra Gold presently has an average rating of “Hold” and a consensus target price of C$31.43.

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 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.