Centerra Gold (TSE:CG) Price Target Raised to C$32.00

Centerra Gold (TSE:CG) had its price target increased by TD from C$31.00 to C$32.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on CG. Canadian Imperial Bank of Commerce raised their price target on Centerra Gold from C$37.00 to C$38.00 in a research note on Thursday. Desjardins upped their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$28.17.

Centerra Gold Trading Down 6.1%

CG opened at C$24.10 on Thursday. The stock’s fifty day moving average is C$22.99 and its two-hundred day moving average is C$24.24. The company has a market capitalization of C$4.71 billion, a P/E ratio of 7.70, a PEG ratio of 1.26 and a beta of 1.83. Centerra Gold has a 52 week low of C$9.25 and a 52 week high of C$28.97. The company has a quick ratio of 3.24, a current ratio of 2.42 and a debt-to-equity ratio of 2.11.

Centerra Gold (TSE:CG) last issued its earnings results 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 business had revenue of C$629.00 million during the quarter.

Centerra Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, June 4th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, May 21st. Centerra Gold’s dividend payout ratio (DPR) is presently 6.45%.

Insider Buying and Selling

In other Centerra Gold news, Director Eric Dell sold 7,827 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of C$22.97, for a total transaction of C$179,786.19. Also, Director Paul Nicholas Wright bought 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of C$22.31 per share, with a total value of C$111,550.00. Following the acquisition, the director owned 130,000 shares of the company’s stock, valued at C$2,900,300. This trade represents a 4.00% increase in their ownership of the stock. Insiders sold 10,252 shares of company stock valued at $235,442 in the last three months. 0.21% of the stock is currently 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.