Centerra Gold (TSE:CG) Price Target Raised to C$21.00 at CIBC

Centerra Gold (TSE:CG) had its price target lifted by CIBC from C$20.00 to C$21.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group lifted their target price on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. BMO Capital Markets lifted their target price on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Royal Bank Of Canada downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Finally, Raymond James Financial downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$13.50 to C$16.50 in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Centerra Gold currently has a consensus rating of “Moderate Buy” and an average price target of C$15.09.

Centerra Gold Stock Performance

Shares of TSE CG opened at C$16.54 on Thursday. The firm has a 50 day moving average of C$14.01 and a 200 day moving average of C$11.22. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 48.65, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. Centerra Gold has a 12-month low of C$7.72 and a 12-month high of C$17.97.

Centerra Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, September 4th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, August 21st. Centerra Gold’s dividend payout ratio is presently 59.31%.

Centerra Gold Company Profile

Centerra Gold Inc is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye.