Centerra Gold Inc. (TSE:CG) Stock Has Consensus Price Target of C$31.43

Shares of Centerra Gold Inc. (TSE:CG) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$31.43.

Several equities analysts recently weighed in on CG shares. Canadian Imperial Bank of Commerce raised their price objective on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. ATB Cormark Capital Markets boosted their target price on 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. Raymond James Financial boosted their target price on Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a research report on Thursday, July 30th. Finally, TD upped their target price on Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a report on Thursday, July 30th.

Centerra Gold Trading Down 3.4%

Shares of Centerra Gold stock opened at C$29.98 on Thursday. The company has a 50-day moving average of C$31.25 and a two-hundred day moving average of C$26.53. Centerra Gold has a 12-month low of C$14.65 and a 12-month high of C$33.94. The company has a current ratio of 2.42, a quick ratio of 3.24 and a debt-to-equity ratio of 2.11. The stock has a market cap of C$5.86 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.26 and a beta of 1.69.

Centerra Gold (TSE:CG) last announced its quarterly 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 for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.

Centerra Gold Announces Dividend

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

Insider Buying and Selling at Centerra Gold

In related news, insider Yousef Rehman sold 57,636 shares of the stock in a transaction dated 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 sale, the insider directly owned 77,918 shares of the company’s stock, valued at approximately C$2,610,253. This represents a 42.52% decrease in their position. Also, Director Wendy Wai Ting Kei acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the completion of the purchase, the director owned 5,172 shares in the company, valued at C$153,918.72. The trade was a 23.97% increase in their position. Insiders own 0.21% of the company’s stock.

Centerra Gold Company Profile

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.