Key Points
- Centerra Gold director Paul Nicholas Wright bought 5,000 shares on May 19 at an average price of C$22.31, a purchase worth C$111,550. His stake rose 4% to 130,000 shares.
- The stock was trading up 2.1% and opened at C$22.88, near its 200-day moving average of C$22.65 but below its 50-day average of C$24.87.
- Analysts remain generally constructive on Centerra Gold, with a consensus “Moderate Buy” rating and an average price target of C$27.36. The company also recently announced a quarterly dividend of C$0.07 per share.
Centerra Gold Inc. (TSE:CG - Get Free Report) Director Paul Nicholas Wright acquired 5,000 shares of Centerra Gold stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the transaction, the director directly owned 130,000 shares in the company, valued at approximately C$2,900,300. This trade represents a 4.00% increase in their ownership of the stock.
Centerra Gold Trading Up 2.1%
TSE:CG opened at C$22.88 on Thursday. Centerra Gold Inc. has a 12-month low of C$9.25 and a 12-month high of C$28.97. The firm has a market capitalization of C$4.54 billion, a P/E ratio of 7.38, a P/E/G ratio of 1.26 and a beta of 1.86. The company has a debt-to-equity ratio of 2.09, a current ratio of 2.41 and a quick ratio of 3.24. The business has a 50 day simple moving average of C$24.87 and a 200 day simple moving average of C$22.65.
Centerra Gold (TSE:CG - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.61 earnings per share (EPS) for the quarter. Centerra Gold had a return on equity of 32.55% and a net margin of 41.28%.The business had revenue of C$673.87 million during the quarter.
Centerra Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, June 4th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.28 dividend on an annualized basis and a yield of 1.2%. Centerra Gold's payout ratio is currently 6.52%.
Wall Street Analysts Forecast Growth
CG has been the subject of a number of analyst reports. Desjardins boosted their price target on Centerra Gold from C$30.00 to C$33.00 and gave the stock a "hold" rating in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce boosted their price target on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. TD Securities boosted their price target on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Raymond James Financial boosted their price target on Centerra Gold from C$24.50 to C$27.00 and gave the stock a "market perform" rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada boosted their price target on Centerra Gold from C$22.00 to C$31.00 in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.36.
Get Our Latest Stock Report on Centerra Gold
About Centerra Gold
(
Get Free Report)
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 Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.
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