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

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 yield of 3.08%. The ex-dividend date is Wednesday, November 13th.

Centerra Gold Trading Down 7.5 %

Shares of CG stock traded down C$0.74 on Friday, reaching C$9.10. 2,173,872 shares of the stock were exchanged, compared to its average volume of 737,352. 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 has a one year low of C$6.07 and a one year high of C$10.59. The stock has a market cap of C$1.94 billion, a PE ratio of 10.83, a P/E/G ratio of 1.26 and a beta of 1.23. The stock has a 50 day moving average price of C$9.68 and a 200 day moving average price of C$9.31.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.31 EPS for the quarter, topping the consensus estimate of C$0.22 by C$0.09. Centerra Gold had a net margin of 10.69% and a return on equity of 7.98%. The company had revenue of C$386.27 million during the quarter.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CG shares. Raymond James cut their price target on shares of Centerra Gold from C$13.50 to C$13.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. Cibc World Mkts lowered shares of Centerra Gold from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Centerra Gold from C$11.50 to C$12.50 in a research note on Tuesday, July 23rd. Desjardins raised Centerra Gold to a “moderate buy” rating in a research note on Thursday. Finally, CIBC lowered Centerra Gold from an “outperform” rating to a “neutral” rating and raised their price target for the stock from C$11.00 to C$13.00 in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and an average price target of C$11.83.

Insider Transactions at Centerra Gold

In other Centerra Gold news, Senior Officer Claudia D’orazio sold 29,388 shares of the company’s 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. In other news, Senior Officer Claudia D’orazio sold 29,388 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of C$10.20, for a total transaction of C$299,757.60. Also, Senior Officer Yousef Rehman sold 71,419 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$10.03, for a total transaction of C$716,332.57. 0.21% of the stock is owned by company insiders.

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.