Centerra Gold Inc. (TSE:CG) Receives C$15.09 Average Target Price from Analysts

Shares of Centerra Gold Inc. (TSE:CG) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$15.09.

Several research firms have recently commented on CG. Raymond James Financial boosted their price target on shares of Centerra Gold from C$16.50 to C$16.75 and gave the company a “market perform” rating in a report on Thursday, October 30th. Royal Bank Of Canada downgraded shares of Centerra Gold from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$13.00 to C$14.00 in a research note on Wednesday, September 10th. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. BMO Capital Markets increased their target price on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Finally, CIBC boosted their price target on Centerra Gold from C$20.00 to C$21.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th.

Centerra Gold Price Performance

Shares of CG stock opened at C$17.03 on Tuesday. Centerra Gold has a twelve month low of C$7.72 and a twelve month high of C$17.97. 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 stock has a fifty day simple moving average of C$15.09 and a two-hundred day simple moving average of C$11.71. The stock has a market capitalization of C$3.44 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.26 and a beta of 1.60.

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

Centerra Gold Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 26th will be issued a $0.07 dividend. The ex-dividend date is Thursday, November 13th. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. Centerra Gold’s payout ratio is currently 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.