Paul Botond Stilicho Tomory Sells 8,563 Shares of Centerra Gold Inc. (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Director Paul Botond Stilicho Tomory sold 8,563 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of C$8.28, for a total value of C$70,901.64.

Centerra Gold Trading Down 1.9 %

TSE CG traded down C$0.16 during trading hours on Friday, hitting C$8.29. The company’s stock had a trading volume of 775,104 shares, compared to its average volume of 722,314. Centerra Gold Inc. has a twelve month low of C$7.42 and a twelve month high of C$10.59. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 12.01, a PEG ratio of 1.26 and a beta of 1.23. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of C$8.75 and a 200 day moving average of C$9.01.

Centerra Gold Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on CG shares. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the company from C$12.75 to C$11.00 in a research report on Thursday, February 13th. CIBC lowered their price target on Centerra Gold from C$12.50 to C$9.80 in a research report on Monday, December 2nd. Cormark cut Centerra Gold from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Royal Bank of Canada lowered their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Finally, TD Securities dropped their price objective on shares of Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Centerra Gold has an average rating of “Moderate Buy” and an average target price of C$11.47.

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.