Analysts Set Centerra Gold Inc. (TSE:CG) Target Price at C$19.75

Shares of Centerra Gold Inc. (TSE:CG) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$19.75.

A number of research firms have recently weighed in on CG. TD Securities upped their target price on shares of Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Raymond James Financial lifted their target price on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. CIBC lifted their target price on shares of Centerra Gold from C$21.00 to C$30.00 in a report on Friday, January 23rd. Finally, Cormark raised Centerra Gold from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 30th.

Centerra Gold Trading Down 13.3%

CG opened at C$22.81 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.60 and a debt-to-equity ratio of 1.26. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$27.55. The stock has a market cap of C$4.60 billion, a PE ratio of 14.17, a PEG ratio of 1.26 and a beta of 1.67. The business has a 50 day moving average of C$20.85 and a 200-day moving average of C$15.91.

Centerra Gold (TSE:CG) last issued its quarterly earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share for the quarter. The company 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%.

Centerra Gold Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 26th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, November 13th. Centerra Gold’s dividend payout ratio is currently 12.46%.

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.