Centerra Gold Inc. (TSE:CG - Get Free Report) insider Yousef Rehman sold 57,636 shares of the stock in a transaction on Thursday, August 27th. The shares were 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 owned 77,918 shares of the company's stock, valued at C$2,610,253. The trade was a 42.52% decrease in their ownership of the stock.
Centerra Gold Price Performance
CG stock opened at C$31.76 on Tuesday. The company has a market capitalization of C$6.21 billion, a P/E ratio of 10.15, a PEG ratio of 1.26 and a beta of 1.83. The company has a fifty day moving average price of C$26.02 and a 200-day moving average price of C$25.16. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. Centerra Gold Inc. has a 52-week low of C$10.80 and a 52-week high of C$33.94.
Centerra Gold (TSE:CG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$629.00 million for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.
Centerra Gold Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold's payout ratio is currently 6.45%.
Wall Street Analyst Weigh In
CG has been the subject of several recent analyst reports. TD raised their target price on Centerra Gold from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Raymond James Financial boosted their price target 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. Canadian Imperial Bank of Commerce increased their price target on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Finally, ATB Cormark Capital Markets raised their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Centerra Gold presently has a consensus rating of "Moderate Buy" and an average price target of C$28.17.
View Our Latest Research Report on CG
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 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
