Centerra Gold (TSE:CG) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Centerra Gold (TSE:CG) had its target price lifted by research analysts at Raymond James Financial from C$24.50 to C$27.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 10.38% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Cormark upgraded Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. Canaccord Genuity Group upped their price objective on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. CIBC lifted their target price on shares of Centerra Gold from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, BMO Capital Markets upgraded shares of Centerra Gold from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Three equities research 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 company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$16.38.

Centerra Gold Trading Down 2.2%

Centerra Gold stock traded down C$0.54 during trading hours on Wednesday, reaching C$24.46. The stock had a trading volume of 768,796 shares, compared to its average volume of 897,702. The company has a fifty day simple moving average of C$19.47 and a 200-day simple moving average of C$15.08. Centerra Gold has a 52 week low of C$7.72 and a 52 week high of C$25.92. The stock has a market cap of C$4.94 billion, a PE ratio of 15.19, a PEG ratio of 1.26 and a beta of 1.67. 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 (TSE:CG) last posted its earnings results on Tuesday, October 28th. The company reported C$1.43 earnings per share (EPS) for the quarter. Centerra Gold had a return on equity of 6.06% and a net margin of 8.32%.The company had revenue of C$550.23 million for the quarter.

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.