Centerra Gold Inc. (TSE:CG) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Centerra Gold Inc. (TSE:CG) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$29.94.

Several research analysts have recently issued reports on CG shares. Canadian Imperial Bank of Commerce increased their price target on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday, July 30th. Raymond James Financial lifted their price objective on shares of 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. TD upped their price objective 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. Finally, ATB Cormark Capital Markets increased their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$32.21 on Friday. Centerra Gold has a 12-month low of C$13.59 and a 12-month high of C$33.94. The company has a market cap of C$6.30 billion, a PE ratio of 10.29, a P/E/G ratio of 1.26 and a beta of 1.96. The stock has a 50 day simple moving average of C$29.19 and a 200-day simple moving average of C$25.84. The company has a current ratio of 2.42, a quick ratio of 3.24 and a debt-to-equity ratio of 2.11.

Centerra Gold (TSE:CG) last posted its earnings results on Tuesday, July 28th. The company reported C$0.55 EPS for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, August 19th. Centerra Gold’s payout ratio is 6.45%.

Insider Buying and Selling

In other news, Director Wendy Wai Ting Kei bought 1,000 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the completion of the transaction, the director directly owned 5,172 shares of the company’s stock, valued at approximately C$153,918.72. This trade represents a 23.97% increase in their position. Also, 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 transaction, the insider directly owned 77,918 shares of the company’s stock, valued at approximately C$2,610,253. The trade was a 42.52% decrease in their ownership of the stock. Corporate 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.