Yousef Rehman Sells 57,636 Shares of Centerra Gold (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) insider Yousef Rehman sold 57,636 shares of the company’s 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 sale, the insider owned 77,918 shares in the company, valued at approximately C$2,610,253. This trade represents a 42.52% decrease in their position.

Centerra Gold Price Performance

CG stock opened at C$30.28 on Wednesday. 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 firm has a market capitalization of C$5.92 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.26 and a beta of 1.83. The business’s 50-day moving average is C$26.16 and its two-hundred day moving average is C$25.19. Centerra Gold Inc. has a 1 year low of C$11.34 and a 1 year high of C$33.94.

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

Centerra Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given 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 is Wednesday, August 19th. Centerra Gold’s payout ratio is 6.45%.

Wall Street Analyst Weigh In

Several research firms recently commented on CG. ATB Cormark Capital Markets increased their target price on 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 lifted their price target on Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. TD upped their price objective on Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Raymond James Financial increased their price objective on Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Centerra Gold 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.