Centerra Gold (TSE:CG) Insider Sells C$1,930,806.00 in Stock

Centerra Gold Inc. (TSE:CG) 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 value of C$1,930,806.00. Following the completion of the transaction, 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.

Centerra Gold Stock Up 1.7%

Shares of TSE:CG opened at C$30.79 on Thursday. Centerra Gold Inc. has a 1 year low of C$11.40 and a 1 year high of C$33.94. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. The business’s 50-day moving average is C$26.34 and its 200-day moving average is C$25.23. The company has a market capitalization of C$6.02 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 1.26 and a beta of 1.83.

Centerra Gold (TSE:CG) last released its earnings results on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. The business had revenue of C$629.00 million during the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.28 annualized dividend and a dividend yield of 0.9%. Centerra Gold’s dividend payout ratio (DPR) is 6.45%.

Analyst Ratings Changes

A number of research firms recently issued reports on CG. TD boosted their target price on shares of Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. ATB Cormark Capital Markets upped their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price objective on shares of Centerra Gold from C$37.00 to C$38.00 in a research report on Thursday, July 30th. Finally, Raymond James Financial raised their target price 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. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$28.17.

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.