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 stock was sold at an average price of C$8.28, for a total value of C$31,720.68.

Centerra Gold Trading Down 1.9 %

TSE CG traded down C$0.16 during mid-day trading on Friday, reaching C$8.29. 775,104 shares of the stock were exchanged, compared to its average volume of 722,314. The business’s fifty day simple moving average is C$8.75 and its 200 day simple moving average is C$9.01. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The stock has a market capitalization of C$1.25 billion, a PE ratio of 12.01, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold Inc. has a 1-year low of C$7.42 and a 1-year high of C$10.59.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold’s dividend payout ratio is currently 40.58%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CG shares. Desjardins cut Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. CIBC dropped their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. 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 lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, TD Securities cut their price objective on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.