Analysts Set Centerra Gold Inc. (TSE:CG) Target Price at C$14.94

Centerra Gold Inc. (TSE:CG) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$14.94.

A number of equities research analysts have weighed in on CG shares. Raymond James Financial downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$13.50 to C$16.50 in a research report on Friday, October 10th. Royal Bank Of Canada downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and increased their price objective for the company from C$13.00 to C$14.00 in a research report on Wednesday, September 10th. Canaccord Genuity Group increased their price objective on Centerra Gold from C$16.00 to C$19.50 in a research report on Thursday, October 2nd. BMO Capital Markets increased their price objective on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Finally, CIBC increased their price objective on Centerra Gold from C$15.00 to C$20.00 in a research report on Friday, October 10th.

Centerra Gold Stock Performance

CG opened at C$15.76 on Friday. The company has a market capitalization of C$3.20 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.60 and a quick ratio of 3.24. Centerra Gold has a 1-year low of C$7.72 and a 1-year high of C$17.97. The business has a 50 day moving average price of C$13.45 and a two-hundred day moving average price of C$10.95.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 21st. Centerra Gold’s dividend payout ratio is 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.