Centerra Gold Inc. (TSE:CG) to Issue Quarterly Dividend of $0.07

Centerra Gold Inc. (TSE:CG - Get Free Report) declared a quarterly dividend on Thursday, October 31st, TickerTech reports. Stockholders of record on Wednesday, November 13th will be given a dividend of 0.07 per share on Wednesday, November 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Wednesday, November 13th.

Centerra Gold Price Performance

Shares of CG traded down C$0.74 during mid-day trading on Friday, reaching C$9.10. 2,173,872 shares of the stock traded hands, compared to its average volume of 737,352. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold has a 1 year low of C$6.07 and a 1 year high of C$10.59. The firm has a fifty day moving average price of C$9.68 and a 200 day moving average price of C$9.31. The company has a current ratio of 3.79, a quick ratio of 3.24 and a debt-to-equity ratio of 1.29.

Centerra Gold (TSE:CG - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.09. The company had revenue of C$386.27 million during the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. Cibc World Mkts cut Centerra Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 10th. Canaccord Genuity Group lifted their price target on shares of Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. CIBC cut shares of Centerra Gold from an "outperform" rating to a "neutral" rating and upped their price objective for the company from C$11.00 to C$13.00 in a research note on Wednesday, July 10th. Raymond James decreased their target price on shares of Centerra Gold from C$13.50 to C$13.00 and set an "outperform" rating on the stock in a research report on Monday, September 30th. Finally, Desjardins upgraded shares of Centerra Gold to a "moderate buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$11.83.

Insider Buying and Selling

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

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.