Centerra Gold Inc. (CG) to Issue Quarterly Dividend of $0.07 on March 27th

Centerra Gold Inc. (TSE:CG) declared a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.07 per share on Thursday, March 27th. This represents a $0.28 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, March 13th.

Centerra Gold Price Performance

Shares of TSE CG opened at C$7.93 on Tuesday. The company has a market capitalization 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. Centerra Gold has a 1-year low of C$7.42 and a 1-year high of C$10.59. The business has a 50-day moving average of C$8.75 and a 200-day moving average of C$8.99.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 3,831 shares of Centerra Gold 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 value of C$31,720.68. Also, Director Paul Nicholas Wright purchased 35,000 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of C$8.11 per share, for a total transaction of C$283,752.00. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

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

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.