Centerra Gold Inc. (TSE:CG) Declares $0.07 Quarterly Dividend

Centerra Gold Inc. (TSE:CG) announced a quarterly dividend on Wednesday, November 13th,TickerTech Dividends reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.07 per share on Wednesday, November 27th. This represents a $0.28 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, November 13th.

Centerra Gold Stock Down 3.9 %

CG opened at C$8.63 on Tuesday. The business has a 50 day moving average price of C$9.56 and a 200 day moving average price of C$9.34. Centerra Gold has a twelve month low of C$6.07 and a twelve month high of C$10.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The firm has a market cap of C$1.84 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CG shares. CIBC reduced their target price on Centerra Gold from C$13.00 to C$12.50 in a report on Tuesday, November 5th. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday, October 31st. Canaccord Genuity Group lifted their price target on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. Finally, Raymond James dropped their price target on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$11.71.

Insider Activity

In other news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of C$10.20, for a total value of C$299,757.60. 0.21% of the stock is currently owned by company insiders.

About Centerra Gold

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.