Centerra Gold (TSE:CG) Releases Earnings Results

Centerra Gold (TSE:CG) posted its quarterly earnings data on Thursday. The company reported C$0.56 earnings per share for the quarter, FiscalAI reports. Centerra Gold had a return on equity of 6.06% and a net margin of 8.32%.The company had revenue of C$531.63 million during the quarter.

Centerra Gold Price Performance

Shares of Centerra Gold stock traded up C$0.37 during mid-day trading on Thursday, reaching C$26.01. 788,886 shares of the stock were exchanged, compared to its average volume of 1,141,658. The company has a market cap of C$5.25 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. 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 firm has a 50-day simple moving average of C$22.66 and a 200 day simple moving average of C$17.32. Centerra Gold has a fifty-two week low of C$7.72 and a fifty-two week high of C$27.55.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CG. Cormark upgraded shares of Centerra Gold from a “hold” rating to a “moderate buy” rating in a report on Thursday, October 30th. TD Securities raised their price objective on Centerra Gold from C$19.00 to C$30.00 in a research report on Thursday, January 22nd. Canadian Imperial Bank of Commerce boosted their price objective on Centerra Gold from C$30.00 to C$37.00 in a research report on Wednesday, February 4th. Raymond James Financial lifted their price target on shares of Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets raised shares of Centerra Gold from a “hold” rating to an “outperform” rating in a report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$22.00.

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.