Centerra Gold Inc. (TSE:CG) Director Paul Botond Stilicho Tomory Sells 8,563 Shares

Centerra Gold Inc. (TSE:CG) Director Paul Botond Stilicho Tomory sold 8,563 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of C$8.28, for a total value of C$70,901.64.

Centerra Gold Trading Up 2.9 %

Centerra Gold stock opened at C$8.16 on Wednesday. Centerra Gold Inc. has a 52 week low of C$7.42 and a 52 week high of C$10.59. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.26 and a beta of 1.23. The stock has a 50-day moving average price of C$8.75 and a 200 day moving average price of C$8.98. The company has a quick ratio of 3.24, a current ratio of 3.60 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. Shareholders of record on Thursday, March 27th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, March 13th. Centerra Gold’s payout ratio is presently 40.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Cormark lowered Centerra Gold from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Desjardins lowered Centerra Gold from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$12.75 to C$11.00 in a research note on Thursday, February 13th. TD Securities dropped their price target on Centerra Gold from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. CIBC decreased their target price on Centerra Gold from C$12.50 to C$9.80 in a report on Monday, December 2nd. Finally, Royal Bank of Canada decreased their target price on Centerra Gold from C$12.00 to C$11.00 in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$11.47.

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.