Centerra Gold Inc. (CG) to Issue Quarterly Dividend of $0.07 on March 27th

Centerra Gold Inc. (TSE:CG) announced a quarterly dividend on Thursday, March 13th, TickerTech Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.07 per share on Thursday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Thursday, March 13th.

Centerra Gold Stock Performance

Shares of TSE:CG opened at C$7.93 on Tuesday. The company has a market cap of C$1.19 billion, a P/E ratio of 11.49, a PEG ratio of 1.26 and a beta of 1.23. Centerra Gold has a one year low of C$7.42 and a one year high of C$10.59. The business’s 50-day simple moving average is C$8.75 and its 200 day simple moving average is C$8.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60.

Insider Buying and Selling

In related news, Director Paul Botond Stilicho Tomory sold 8,563 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of C$8.28, for a total transaction of C$70,901.64. Also, Director Paul Nicholas Wright bought 35,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of C$8.11 per share, for a total transaction of C$283,752.00. 0.21% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.