Centerra Gold Inc. Plans Quarterly Dividend of $0.07 (TSE:CG)

Centerra Gold Inc. (TSE:CG) announced a quarterly dividend on Thursday, May 22nd, TickerTech Dividends reports. Shareholders of record on Thursday, June 5th will be paid a dividend of 0.07 per share on Thursday, June 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, May 22nd.

Centerra Gold Stock Up 1.1%

Shares of CG opened at C$9.16 on Tuesday. The company has a market capitalization of C$1.38 billion, a PE ratio of 13.27, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a 12 month low of C$7.72 and a 12 month high of C$10.59. The stock’s 50-day moving average price is C$9.05 and its two-hundred day moving average price is C$8.75. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Insider Transactions at Centerra Gold

In other news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of C$8.28, for a total transaction of C$70,901.64. Also, Director Paul Nicholas Wright acquired 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. Company insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

CG has been the subject of a number of analyst reports. TD Securities cut their price target on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. CIBC increased their target price on Centerra Gold from C$9.80 to C$10.30 and gave the company a “neutral” rating in a research note on Thursday, March 20th. National Bank Financial upgraded shares of Centerra Gold to a “strong-buy” rating in a research report on Friday, March 21st. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, National Bankshares increased their price target on shares of Centerra Gold from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

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.