Claudia D’orazio Sells 29,388 Shares of Centerra Gold Inc. (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Senior Officer Claudia D’orazio sold 29,388 shares of the company’s 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.

Centerra Gold Trading Down 2.6 %

Centerra Gold stock traded down C$0.26 during midday trading on Monday, reaching C$9.77. The stock had a trading volume of 22,920 shares, compared to its average volume of 750,432. Centerra Gold Inc. has a twelve month low of C$6.07 and a twelve month high of C$10.54. The stock has a market capitalization of C$2.08 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.24 and a current ratio of 3.79. The stock’s 50-day simple moving average is C$9.39 and its 200 day simple moving average is C$9.03.

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

Centerra Gold Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, August 15th. Centerra Gold’s payout ratio is 34.15%.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of research analyst reports. CIBC cut Centerra Gold from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. National Bankshares increased their price objective on Centerra Gold from C$11.25 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, Cibc World Mkts cut Centerra Gold from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$11.77.

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.