Centerra Gold Inc. (TSE:CG - Get Free Report) Director Paul Nicholas Wright purchased 35,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of C$8.11 per share, with a total value of C$283,752.00.
Centerra Gold Price Performance
CG stock traded up C$0.01 during midday trading on Tuesday, hitting C$8.26. 755,007 shares of the stock were exchanged, compared to its average volume of 724,674. The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. Centerra Gold Inc. has a fifty-two week low of C$7.19 and a fifty-two week high of C$10.59. The stock's 50-day moving average price is C$8.73 and its 200-day moving average price is C$9.02.
Centerra Gold Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders 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 3.39%. The ex-dividend date is Thursday, March 13th. Centerra Gold's payout ratio is currently 40.58%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CG. Royal Bank of Canada dropped their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Raymond James lowered their price objective on Centerra Gold from C$13.00 to C$12.50 in a report on Monday, November 4th. Cormark downgraded Centerra Gold from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, February 26th. CIBC reduced their price target on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Finally, Desjardins lowered Centerra Gold from a "buy" rating to a "hold" rating and dropped their price objective for the stock from C$12.75 to C$11.00 in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$11.40.
Check Out Our Latest Research Report on Centerra Gold
Centerra Gold Company Profile
(
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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.
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