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

Centerra Gold Inc. (TSE:CG) has declared a quarterly dividend on Thursday, October 31st. Shareholders who are on record as of Wednesday, November 13th, will receive a dividend of C$0.07 per share, which will be paid out on Wednesday, November 27th. This equates to an annualized dividend of C$0.28, reflecting a yield of 3.08%. Note that the ex-dividend date is set for November 13th.

Centerra Gold's Recent Trading Performance

On Friday, Centerra Gold's stock opened at C$9.10. The company boasts a quick ratio of 3.24 and a current ratio of 3.79, alongside a debt-to-equity ratio of 1.29. The fifty-day moving average for the stock stands at C$9.68, while the two-hundred-day moving average is around C$9.31. Centerra Gold has a market cap of approximately C$1.94 billion, with a price-to-earnings (P/E) ratio of 10.83 and a PEG ratio of 1.26. The stock's performance has shown a 52-week range, with a low of C$6.07 and a high of C$10.59.

Latest Earnings Results

The most recent earnings report from Centerra Gold was released on Thursday, August 1st. The company reported earnings per share (EPS) of C$0.31 for the quarter, surpassing analysts' expectations of C$0.22 by C$0.09. Centerra Gold's net margin was recorded at 10.69%, and the return on equity stood at 7.98%. The company generated revenue of C$386.27 million for that quarter.

Insider Activities

In related news, on September 24th, Senior Officer Yousef Rehman sold 71,419 shares at an average price of C$10.03, resulting in a total sale of approximately C$716,332.57. In another transaction, on September 27th, Senior Officer Claudia D'orazio sold 29,388 shares at an average price of C$10.20, amounting to roughly C$299,757.60. Insiders currently own 0.21% of the company's stock.

Analyst Ratings and Predictions

Several analysts have recently commented on Centerra Gold’s stock. Canaccord Genuity Group raised their price target from C$11.50 to C$12.50 based on their research published on July 23rd. Meanwhile, CIBC changed their assessment from “outperform” to “neutral” while upping their target price from C$11.00 to C$13.00 on July 10th. Raymond James also adjusted their target from C$13.50 to C$13.00 while maintaining an “outperform” rating in a report dated September 30th. Desjardins recently upgraded Centerra Gold to a “moderate buy” rating. Currently, MarketBeat.com indicates that two analysts rate the stock as a hold, while four have issued a buy rating, yielding an overall consensus rating of “Moderate Buy” with a price target of C$11.83.

Overview of Centerra Gold Inc.

Centerra Gold Inc. is a mining company focused on the acquisition, exploration, development, and operation of gold and copper properties, primarily in North America and Turkey. The company's flagship projects include the Mount Milligan gold-copper mine located in British Columbia, Canada, and the Öksüt gold mine in Turkey.

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