Desjardins Forecasts Strong Price Appreciation for Centerra Gold (TSE:CG) Stock

Centerra Gold (TSE:CG) had its target price raised by equities researchers at Desjardins from C$30.00 to C$33.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ target price points to a potential upside of 29.46% from the company’s current price.

CG has been the topic of a number of other research reports. TD Securities increased their target price on Centerra Gold from C$19.00 to C$30.00 in a report on Thursday, January 22nd. BMO Capital Markets raised Centerra Gold from a “hold” rating to an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada raised their price objective on Centerra Gold from C$22.00 to C$31.00 in a report on Thursday, March 12th. Canadian Imperial Bank of Commerce raised their price objective on Centerra Gold from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Finally, Raymond James Financial raised their price objective on Centerra Gold from C$24.50 to C$27.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Centerra Gold has an average rating of “Moderate Buy” and a consensus target price of C$27.36.

Centerra Gold Price Performance

TSE:CG traded down C$0.37 during trading hours on Thursday, reaching C$25.49. 434,447 shares of the company traded hands, compared to its average volume of 1,030,125. The firm’s 50-day moving average is C$25.46 and its 200-day moving average is C$21.55. The stock has a market cap of C$5.09 billion, a P/E ratio of 8.98, a P/E/G ratio of 1.26 and a beta of 1.81. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.39 and a quick ratio of 3.24. Centerra Gold has a 1-year low of C$8.69 and a 1-year high of C$28.97.

Centerra Gold (TSE:CG) last announced its earnings results on Thursday, February 19th. The company reported C$0.56 EPS for the quarter. The firm had revenue of C$531.63 million for the quarter. Centerra Gold had a return on equity of 31.90% and a net margin of 43.18%.

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.