Insider Selling: Centerra Gold Inc. (TSE:CG) Senior Officer Sells 3,831 Shares of Stock

Centerra Gold Inc. (TSE:CG) Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$31,720.68.

Centerra Gold Stock Performance

Shares of TSE:CG opened at C$8.16 on Wednesday. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold Inc. has a 12 month low of C$7.42 and a 12 month high of C$10.59. The firm’s 50-day moving average is C$8.75 and its 200 day moving average is C$8.98. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 3.43%. Centerra Gold’s payout ratio is 40.58%.

Analysts Set New Price Targets

A number of analysts have issued reports on CG shares. CIBC reduced their price target on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. TD Securities reduced their price target on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada reduced their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Cormark downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Desjardins downgraded shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and an average target price of C$11.47.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.