Centerra Gold (TSE:CG) Price Target Raised to C$37.00

Centerra Gold (TSE:CG) had its target price lifted by Canadian Imperial Bank of Commerce from C$30.00 to C$37.00 in a research report report published on Wednesday morning,BayStreet.CA reports.

CG has been the topic of a number of other reports. TD Securities raised their price objective on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. Raymond James Financial increased their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the company a “market perform” rating in a research report on Wednesday, January 21st. BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. Finally, Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$20.63.

Centerra Gold Stock Up 5.1%

Centerra Gold stock opened at C$23.69 on Wednesday. The firm has a 50 day simple moving average of C$21.41 and a 200 day simple moving average of C$16.34. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$27.55. The firm has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.26 and a beta of 1.58.

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

Centerra Gold Announces Dividend

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

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. 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.