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 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.

Centerra Gold Stock Down 1.9 %

CG stock traded down C$0.16 during midday trading on Friday, hitting C$8.29. 775,104 shares of the company’s stock were exchanged, compared to its average volume of 722,314. The firm has a 50 day moving average price of C$8.75 and a 200-day moving average price of C$9.01. Centerra Gold Inc. has a 12-month low of C$7.42 and a 12-month high of C$10.59. The stock has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26.

Centerra Gold Dividend Announcement

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 issued a $0.07 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.28 annualized dividend and a yield of 3.38%. Centerra Gold’s dividend payout ratio is presently 40.58%.

Analysts Set New Price Targets

Several brokerages have commented on CG. CIBC dropped their price target on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Cormark lowered shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Centerra Gold from C$12.00 to C$11.00 in a research report on Tuesday, January 7th. Desjardins lowered shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their target price for the company from C$12.75 to C$11.00 in a report on Thursday, February 13th. Finally, TD Securities lowered their target price on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.