Centerra Gold Inc. (TSE:CG) Receives Consensus Rating of “Moderate Buy” from Analysts

Centerra Gold Inc. (TSE:CGGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$28.17.

Several equities research analysts have weighed in on the stock. ATB Cormark Capital Markets increased their target price on shares of Centerra Gold from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price target on shares of Centerra Gold from C$37.00 to C$38.00 in a report on Thursday, July 30th. Raymond James Financial boosted their price target on shares of Centerra Gold from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Thursday, July 30th. Finally, TD upped their price objective on shares of Centerra Gold from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Get Our Latest Research Report on Centerra Gold

Insider Activity

In other Centerra Gold news, Director Wendy Wai Ting Kei purchased 1,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of C$29.76 per share, for a total transaction of C$29,760.00. Following the completion of the acquisition, the director directly owned 5,172 shares of the company’s stock, valued at C$153,918.72. The trade was a 23.97% increase in their ownership of the stock. 0.21% of the stock is owned by company insiders.

Centerra Gold Stock Performance

Shares of CG stock opened at C$33.45 on Wednesday. The stock has a market cap of C$6.54 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 1.26 and a beta of 1.83. The stock has a 50-day moving average of C$25.29 and a 200-day moving average of C$24.92. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.42 and a quick ratio of 3.24. Centerra Gold has a one year low of C$10.64 and a one year high of C$33.59.

Centerra Gold (TSE:CGGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.55 earnings per share for the quarter. The business had revenue of C$629.00 million for the quarter. Centerra Gold had a net margin of 37.72% and a return on equity of 30.90%.

Centerra Gold Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, September 2nd will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 19th. Centerra Gold’s payout ratio is presently 6.45%.

Centerra Gold Company Profile

(Get Free Report)

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 Kemess Project in British Columbia, Canada, the Goldfield Project in Nevada, United States, and owns and operates the Molybdenum Business Unit in the United States and Canada.

See Also

Analyst Recommendations for Centerra Gold (TSE:CG)

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