Centerra Gold (TSE:CG) Upgraded to Strong-Buy at BMO Capital Markets

Centerra Gold (TSE:CG) was upgraded by research analysts at BMO Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th. Canaccord Genuity Group lifted their target price on Centerra Gold from C$16.00 to C$19.50 in a research note on Thursday, October 2nd. Raymond James Financial boosted their price target on shares of Centerra Gold from C$16.50 to C$16.75 and gave the stock a “market perform” rating in a report on Thursday, October 30th. Finally, CIBC raised their price objective on shares of Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$15.09.

Centerra Gold Trading Up 8.2%

TSE:CG opened at C$25.00 on Tuesday. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$25.42. The firm has a 50-day moving average price of C$19.47 and a two-hundred day moving average price of C$15.08. The company has a debt-to-equity ratio of 1.26, a quick ratio of 3.24 and a current ratio of 3.60. The firm has a market cap of C$5.04 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67.

Centerra Gold (TSE:CG) last announced its earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share for the quarter. The firm had revenue of C$550.23 million for the quarter. Centerra Gold had a return on equity of 6.06% and a net margin of 8.32%.

About Centerra Gold

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. The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada.