Paul Nicholas Wright Acquires 35,000 Shares of Centerra Gold Inc. (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright purchased 35,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of C$8.11 per share, with a total value of C$283,752.00.

Centerra Gold Price Performance

Centerra Gold stock opened at C$8.29 on Friday. The stock has a market cap of C$1.25 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm has a 50-day moving average of C$8.72 and a two-hundred day moving average of C$9.03. Centerra Gold Inc. has a 1 year low of C$6.79 and a 1 year high of C$10.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 27th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s payout ratio is currently 40.58%.

Analyst Ratings Changes

Several research firms recently issued reports on CG. CIBC cut their target price on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada dropped their target price on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Raymond James decreased their price target on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Finally, Desjardins lowered Centerra Gold from a “buy” rating to a “hold” rating and cut their price objective for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Centerra Gold presently has an average rating of “Hold” and a consensus target price of C$11.40.

Centerra Gold Company Profile

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.