Centerra Gold (TSE:CG) Price Target Raised to C$19.50

Centerra Gold (TSE:CG) had its target price upped by Canaccord Genuity Group from C$16.00 to C$19.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. Royal Bank Of Canada downgraded Centerra Gold from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$13.00 to C$14.00 in a report on Wednesday, September 10th. Raymond James Financial raised their price objective on Centerra Gold from C$13.00 to C$13.50 in a research note on Thursday, August 21st. Finally, BMO Capital Markets increased their target price on Centerra Gold from C$10.00 to C$14.00 in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Centerra Gold has a consensus rating of “Moderate Buy” and a consensus price target of C$13.35.

Centerra Gold Trading Up 0.3%

TSE CG opened at C$15.85 on Thursday. The stock has a market cap of C$3.22 billion, a P/E ratio of 46.62, a P/E/G ratio of 1.26 and a beta of 1.24. The company has a current ratio of 3.60, a quick ratio of 3.24 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$16.13. The stock’s fifty day moving average price is C$11.63 and its 200-day moving average price is C$10.24.

Centerra Gold Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, September 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, August 21st. Centerra Gold’s dividend payout ratio (DPR) is presently 59.31%.

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.