Paul Nicholas Wright Acquires 35,000 Shares of Centerra Gold Inc. (TSE:CG) Stock

Centerra Gold Inc. (TSE:CG) Director Paul Nicholas Wright bought 35,000 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of C$8.11 per share, for a total transaction of C$283,752.00.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$8.29 on Friday. The company has a market cap of C$1.25 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. Centerra Gold Inc. has a 12 month low of C$6.79 and a 12 month high of C$10.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. The company has a 50-day simple moving average of C$8.72 and a 200-day simple moving average of C$9.03.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.38%. Centerra Gold’s dividend payout ratio (DPR) is presently 40.58%.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. CIBC lowered their target price on shares of Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Raymond James reduced their price objective on shares of Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins cut shares of Centerra Gold from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$12.75 to C$11.00 in a research note on Thursday, February 13th. Cormark cut shares of Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada reduced their price objective on shares of Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$11.40.

About Centerra Gold

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.