Centerra Gold Inc. (TSE:CG) Plans Quarterly Dividend of $0.07

Centerra Gold Inc. (TSE:CG) declared a quarterly dividend on Thursday, October 31st, TickerTech reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.07 per share on Wednesday, November 27th. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 13th.

Centerra Gold Price Performance

Shares of Centerra Gold stock traded down C$0.74 during midday trading on Friday, hitting C$9.10. 2,173,872 shares of the company were exchanged, compared to its average volume of 737,352. The firm has a 50 day simple moving average of C$9.68 and a 200-day simple moving average of C$9.31. Centerra Gold has a 52 week low of C$6.07 and a 52 week high of C$10.59. The firm has a market cap of C$1.94 billion, a P/E ratio of 10.83, a PEG ratio of 1.26 and a beta of 1.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.79 and a quick ratio of 3.24.

Centerra Gold (TSE:CG) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.09. The firm had revenue of C$386.27 million during the quarter. Centerra Gold had a return on equity of 7.98% and a net margin of 10.69%.

Insider Buying and Selling at Centerra Gold

In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$10.20, for a total transaction of C$299,757.60. In other news, Senior Officer Yousef Rehman sold 71,419 shares of the company’s stock in a transaction dated 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 shares were sold at an average price of C$10.20, for a total value of C$299,757.60. Insiders own 0.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CG. Raymond James lowered their target price on Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Desjardins upgraded Centerra Gold to a “moderate buy” rating in a report on Thursday. Canaccord Genuity Group upped their price objective on Centerra Gold from C$11.50 to C$12.50 in a report on Tuesday, July 23rd. CIBC downgraded Centerra Gold from an “outperform” rating to a “neutral” rating and upped their price objective for the company from C$11.00 to C$13.00 in a report on Wednesday, July 10th. Finally, Cibc World Mkts downgraded Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$11.83.

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.