Claudia D’orazio Sells 3,831 Shares of Centerra Gold Inc. (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Senior Officer Claudia D’orazio sold 3,831 shares of the business’s stock in a transaction dated 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 Stock Down 4.3 %

Shares of CG opened at C$7.93 on Tuesday. Centerra Gold Inc. has a 52 week low of C$7.42 and a 52 week high of C$10.59. The firm has a market cap of C$1.19 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The firm’s 50-day simple moving average is C$8.75 and its 200 day simple moving average is C$8.99. 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 Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.53%. Centerra Gold’s dividend payout ratio (DPR) is currently 40.58%.

Wall Street Analysts Forecast Growth

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