Analysts Set Centerra Gold Inc. (TSE:CG) Target Price at C$28.17

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$28.17.

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

Centerra Gold Price Performance

Centerra Gold stock opened at C$30.28 on Wednesday. The business’s 50-day simple moving average is C$26.16 and its 200 day simple moving average is C$25.19. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The stock has a market cap of C$5.92 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.26 and a beta of 1.83. Centerra Gold has a 12-month low of C$11.34 and a 12-month 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 earnings per share for the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.The firm had revenue of C$629.00 million during the quarter.

Centerra Gold Dividend Announcement

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

Insiders Place Their Bets

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

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.