Shares of Centerra Gold Inc. (TSE:CG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$11.71.
CG has been the topic of several analyst reports. Canaccord Genuity Group raised their target price on Centerra Gold from C$11.50 to C$12.50 in a research report on Tuesday, July 23rd. CIBC lowered their price target on Centerra Gold from C$13.00 to C$12.50 in a research report on Tuesday. Raymond James lowered their price target on Centerra Gold from C$13.00 to C$12.50 in a research report on Monday. Finally, Desjardins upgraded Centerra Gold to a “moderate buy” rating in a research report on Thursday, October 31st.
View Our Latest Analysis on CG
Centerra Gold Stock Up 3.9 %
Centerra Gold Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. Centerra Gold’s dividend payout ratio is currently 33.33%.
Insider Activity
In related news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. In related news, Senior Officer Yousef Rehman sold 71,419 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$10.03, for a total transaction of C$716,332.57. Also, Senior Officer Claudia D’orazio sold 29,388 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$10.20, for a total value of C$299,757.60. Corporate insiders own 0.21% of the company’s stock.
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.
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