Wendy Wai Ting Kei Buys 1,000 Shares of Centerra Gold (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Director Wendy Wai Ting Kei acquired 1,000 shares of Centerra Gold stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of C$29.76 per share, with a total value of C$29,760.00. Following the completion of the purchase, the director directly owned 5,172 shares in the company, valued at C$153,918.72. This represents a 23.97% increase in their ownership of the stock.

Wendy Wai Ting Kei also recently made the following trade(s):

• On Thursday, June 4th, Wendy Wai Ting Kei bought 12 shares of Centerra Gold stock. The stock was bought at an average cost of C$23.74 per share, for a total transaction of C$284.88.

Centerra Gold Price Performance

TSE CG opened at C$29.88 on Friday. The company has a market capitalization of C$5.84 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. The company has a debt-to-equity ratio of 2.11, a quick ratio of 3.24 and a current ratio of 2.42. The business’s fifty day moving average is C$23.97 and its 200 day moving average is C$24.59. Centerra Gold Inc. has a fifty-two week low of C$9.66 and a fifty-two week high of C$31.08.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Tuesday, July 28th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$629.00 million during the quarter. Centerra Gold had a return on equity of 30.90% and a net margin of 37.72%.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold’s payout ratio is presently 6.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CG shares. Raymond James Financial increased their target price on shares of Centerra Gold from C$28.00 to C$29.00 and gave the stock a “market perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. TD upped their price target on shares of Centerra Gold from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. ATB Cormark Capital Markets increased their price objective on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, Desjardins raised their price objective on shares of Centerra Gold from C$30.00 to C$33.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$28.17.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye. The Company also owns the Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.