Centerra Gold (TSE:CG) Given New C$30.00 Price Target at CIBC

Centerra Gold (TSE:CG) had its price target hoisted by research analysts at CIBC from C$21.00 to C$30.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 18.67% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Cormark raised shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a research note on Thursday, October 30th. Canaccord Genuity Group raised their price target on shares of Centerra Gold from C$16.00 to C$19.50 in a report on Thursday, October 2nd. BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday. Raymond James Financial increased their price objective on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, TD Securities boosted their target price on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Centerra Gold presently has an average rating of “Moderate Buy” and a consensus price target of C$19.75.

Centerra Gold Stock Performance

Shares of TSE:CG traded up C$0.35 during midday trading on Friday, reaching C$25.28. 468,154 shares of the company traded hands, compared to its average volume of 926,841. The firm’s fifty day moving average price is C$19.77 and its two-hundred day moving average price is C$15.21. The firm has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.67. 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 12 month low of C$7.72 and a 12 month high of C$25.92.

Centerra Gold (TSE:CG) last issued its 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 business had revenue of C$550.23 million during the quarter.

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.