Centerra Gold Inc. (TSE:CG) Senior Officer Sells C$31,720.68 in Stock

Centerra Gold Inc. (TSE:CG) Senior Officer Claudia D’orazio sold 3,831 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$31,720.68.

Centerra Gold Price Performance

Shares of TSE:CG opened at C$7.93 on Tuesday. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The firm has a 50 day simple moving average of C$8.75 and a 200 day simple moving average of C$8.99. Centerra Gold Inc. has a one year low of C$7.42 and a one year high of C$10.59.

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 paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Thursday, March 13th. Centerra Gold’s payout ratio is 40.58%.

Wall Street Analysts Forecast Growth

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